VATT Institute for Economic Research
VATT in Brief
VATT Institute for Economic Research analyses public finances in Finland and evaluates economic reforms. Other research areas include the labour market and the long-term prospects of the economy.
The purpose of VATT research is to support informed decision-making and its focus is on policy-relevant topics. The Institute has complete independence in conducting its research, which meets high standards of scientific quality.
VATT has invested special effort in developing a sound modelling infrastructure, upgrading methods of impact assessment and improving its knowledge base on public finance institutions. For these reasons, VATT is a well-respected partner in numerous research projects.
VATT currently has a staff of 60 persons. Its researchers are in high demand by various economic policy working groups.
Growth prospects for the Finnish economy remained gloomy as the year began. The economic policy debate was dominated by actions designed to consolidate public finances and structural reforms. These emphases also became part of the new government’s programme following the parliamentary elections in spring 2015. VATT conducts research on many of the policy areas in the government programme, some of the main ones being employment and competitiveness, skills and training, the bio economy and clean solutions, digitalisation and experiments as well as tax policy guidelines and structural policy reforms more generally.
Our research publications in 2015 took an analytical approach to the economic policy subjects generating broad public debate. An analysis of an effective state subsidy system was published early in the year, highlighting how the system affects regional equity and efficiency and future development needs.