OECD economic surveys : Finland 1998 / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, issuing body.

Series:

OECD Economic Surveys: Finland

Language:

English

Subjects (All):

Economic history.

Finland--Economic conditions.

Finland.

Physical Description:

1 online resource (156 pages)

Edition:

1st ed.

Place of Publication:

Paris, France : OECD Publishing, [1998]

Language Note:

English

Summary:

Assessment and recommendations I. Recent developments and short-term prospects -A buoyant economy -Still subdued wage and price developments -A strong external position -Short-term outlook II. Macroeconomic policies -Monetary union prompts new challenges -Monetary policy -Fiscal policy III. Implementing structural reform: a review of progress -Overview The labour market -Taxation -Product markets -Financial markets -Assessment IV. The health care system -The institutional set-up changed significantly in 1993 -Performance remained strong despite budget austerity -Some problem areas have remained -Reform strategies Glossary of acronyms Bibliography Annex: Calendar of main economic events Statistical annex and structural indicators.

Contents:

Intro

Table of contents

Assessment and recommendations

I. Recent developments and short-term prospects

A buoyant economy

Table 1. Demand and output

Figure 1. GDP AND ITS MAIN COMPONENTS

Exports are booming

Figure 2. COST COMPETITIVENESS AND EXPORT PERFORMANCE

Table 2. Exports by industry

Household demand remains robust

Table 3. Household appropriation account

Figure 3. HOUSEHOLD SPENDING

Asset prices soar

Business investment expands at home and abroad

Figure 4. BUSINESS INVESTMENT

Box 1. Finnish foreign direct investment in nearby transition economies

Unemployment falls rapidly

Table 4. Labour market developments

Figure 5. LABOUR MARKET

Still subdued wage and price developments

Table 5. Wages, costs and prices

Figure 6. PRICE AND WAGE DEVELOPMENTS

A strong external position

Figure 7. EXTERNAL POSITION

Short-term outlook

Table 6. Short-term projections

II. Macroeconomic policies

Monetary union prompts new challenges

Box 2. The EU's Stability and Growth Pact

Box 3. How large a surplus to comply with the Stability and Growth Pact?

Table 7. Estimated impact of past recessions on general government net lending

Monetary policy

Policy aims and institutional changes

Figure 8. INFLATION PERFORMANCE

Exchange and interest rate developments

Figure 9. MONETARY CONDITIONS

Figure 10. RECENT FOREIGN EXCHANGE DEVELOPMENTS

Figure 11. LONG-TERM INTEREST RATE DEVELOPMENTS

Money and credit growth

Table 8. Money growth

Figure 12. BANK PROFITABILITY AND CREDIT BEHAVIOUR

Is monetary policy too loose?

Fiscal policy

Fiscal consolidation has remained a priority

Table 9. Public finances in the 1990s

Figure 13. GENERAL GOVERNMENT FINANCES

Table 10. Initial budget proposals and outcomes

The 1998 budget and 1999 deliberations.

Longer-term challenges

Figure 14. LONG-RUN SCENARIOS FOR PUBLIC FINANCES

III. Implementing structural reform: a review of progress

Overview

Table 11. Relative labour productivity levels in manufacturing

Figure 15. GDP PER CAPITA

The labour market

Table 12. Implementing the OECD Jobs Strategy - an overview

Table 12. Implementing the OECD Jobs Strategy - an overview (cont.)

Figure 16. STRUCTURE OF THE LABOUR FORCE

Active labour market policies

Flexibility of employment and working time

The wage formation system

Taxation

Table 13. Tax burden

Figure 17. AVERAGE AND MARGINAL TAX RATES

Product markets

Subsidies to industry

Industrial support policies

Figure 18. INDUSTRIAL SUPPORT

Promoting the development of SMEs

Towards a more rational support policy

Privatisation

Agricultural policy

Competition policy

Deregulation

Financial markets

Table 14. Developments in the banking sector

Figure 19. MARKET SHARES OF DEPOSIT BANKS

Table 15. Banking resources in selected OECD countries

Assessment

IV. The health care system

Figure 20. HEALTH CARE EXPENDITURE

The institutional set-up changed significantly in 1993

Service provision

Table 16. Bed-days and length of stay in hospitals

Figure 21. HOSPITAL DISTRICTS AND MAIN HOSPITAL LOCATIONS

Funding arrangements

Table 17. Funding of health care expenditure

Figure 22. FINANCE AND PROVISION OF PUBLIC HEALTH CARE

Performance remained strong despite budget austerity

Health status of the population

Figure 23. INTERNATIONAL COMPARISON OF HEALTH OUTCOMES

Patients' satisfaction

Input of resources

Figure 24. GROWTH IN HEALTH SPENDING BY CATEGORY

Figure 25. HEALTH EXPENDITURE AND GDP PER CAPITA

Figure 26. LABOUR RESOURCES IN HEALTH CARE

Productivity trends

Some problem areas have remained.

Regional variations in cost and productivity

Figure 27. REGIONAL VARIATION IN PUBLIC HEALTH EXPEDITURE

Table 18. Waiting time by hospital district

Lack of co-ordination between care providers

Uneven bargaining power of purchasers and providers of hospital care

Reform strategies

Past initiatives

Suggestions for further change

Notes

Glossary of acronyms

Bibliography

Annex - Calendar of main economic events

STATISTICAL ANNEX AND STRUCTURAL INDICATORS

Table A. Selected background statistics

Table B. Supply and use of resources, current prices

Table C. Supply and use of resources, 1990 prices

Table D. Gross domestic product by industry of origin

Table E. General government account

Table F. Balance of payments

Table G. Labour market

Table H. Foreign trade by commodity group

Table I. Foreign trade by area

Table J. Prices and wages

Table K. Interest rates, money and credit

Table L. Production and employment structures

Table M. Productivity investment structure

Table N. Public sector General government income and expenditure structures

BASIC STATISTICS: INTERNATIONAL COMPARISONS

BASIC STATISTICS: INTERNATIONAL COMPARISONS (cont'd)

BOXES

TABLES

Table 8. Money growth.

Table 9. Public finances in the 1990s

FIGURES

Figure 27. REGIONAL VARIATION IN PUBLIC HEALTH EXPEDITURE.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-15147-8

OCLC:

1225544636