Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/201344
Title (translated): 
Finland in Global Value Chains
Authors: 
Ali-Yrkkö, Jyrki
Rouvinen, Petri
Sinko, Pekka
Tuhkuri, Joonas
Year of Publication: 
2016
Series/Report no.: 
ETLA Report 62
Abstract (Translated): 
This report uses an international input-output dataset to present an analysis of Finland’s position in global value chains. The results show that intermediate products account for a larger share – some three-quarters – of Finnish exports than they do in most other countries. The share of foreign value added in Finnish export production is around the international average, but it has grown more rapidly than average. A higher share of foreign value added means that exports, on average, have less capacity to generate economic growth. The share of domestic value added has fallen particularly sharply in the fuel refining industry as well as in metal processing and the manufacture of metal products. The share of domestic value added has decreased more in Finnish than in Swedish industry. A value added based analysis changes the picture of Finland’s most important trade partners and our international economic dependencies. Based on the analysis Finnish economic growth is heavily dependent on Chinese and US final demand. Over 10% of Finland’s value added exports are ultimately destined for China, and almost the same proportion goes to the United States. However, the combined final demand from EU-28 countries still outweighs the demand from these two countries.
Subjects: 
Globalisation
Value chain
Value network
Global
Value added
Intermediate
Input-output
JEL: 
F14
F6
F62
F68
Document Type: 
Research Report

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