Employment impact of exports has changed
Orjasniemi, Seppo; Viertola, Hannu (30.06.2015)
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201507011316
The decline in exports has been the most important factor behind the contraction in GDP since 2008. The impact of this decline is also felt in sectors that traditionally focus on the domestic market, as the production of intermediate inputs for exports ties up a considerable amount of resources. Exports have had a significant indirect impact on employment. The overall drop in employment has, however, remained moderate, as employment has been sustained by domestic demand.