BIBU Talk August 9.

How High-Skilled Migration Shapes Business, Economy & Society

Thursday August 9 at 4.30 pm
Tiedekulma, Fönsteri-space (Yliopistonkatu 4)

Innovation is becoming increasingly concentrated in talent clusters in advanced and emerging economies.

BIBU Talk by professor William R. Kerr considers the economics and policies behind this rise in the importance of talent clusters, how leading firms can respond to these global opportunities and challenges, and how countries compete in the accelerating race for talent. While the talk will consider possible U.S. immigration reform for high-skilled immigration, most discussion will focus on business implications for European firms and economies.

Kerr is a professor at Harvard Business School, where he is faculty chair of the Launching New Ventures program for executive education and the author of the book The Gift of Global Talent: How Migration Shapes Business, Economy & Society.

BIBU Talk is chaired by Mika Maliranta, Research Director of the Research Institute of the Finnish Economy (ETLA). Maliranta is directing the work package ”Behind Biases and Bubbles: Structural Changes in Global Flux” in the BIBU project.

Please, register here.

The event will be streamed here.

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BIBUn tutkijoille

Evästeseloste

Anu Kantola
Konsortion johtaja
anu.kantola@helsinki.fi
050 448 7273

Mirja Hämäläinen
Vuorovaikutuskoordinaattori
mirja.hamalainen@demoshelsinki.fi
050 380 5086

Isak Vento
Koordinaattori
isak.vento@helsinki.fi
050 448 8945

PAOLO FORNARO

Regional economic disparities in Finland

Published 25.6.2018

Abstract

In this note, I study the Finnish regional dispersion of economic indicators such as the GDP per capita, labour productivity, the employment rate and the compensation of employees. Moreover, I examine the regional-level correlation between these variables. The results are then compared with what has been found for the German and Italian economies.

Finnish regional economies display substantial variation, but their GDP per capita, productivity and employment rate have converged. However, the compensation of employees has diverged. Compared to Germany and Italy, the Finnish economy has a lower regional dispersion, with a similar convergence process as in Germany. The correlation between regional productivity and the employment rate is lower than what is found in Italy and Germany, and the same holds for productivity and wages.

The picture gathered from this analysis is mixed. Convergence of economic conditions is certainly positive, but the divergence of the compensation of employees can be problematic for the long-term sustainability of the Finnish regional markets. If well-paid jobs concentrate in richer regions, there will be higher incentives for young and well-educated workers to move away from peripheral (in economic terms) areas, which would be at risk of stagnation.

Read the Article