WorldCat Identities

Kortelainen, Mika

Overview
Works: 15 works in 23 publications in 1 language and 25 library holdings
Roles: Author
Classifications: HG3132, 330
Publication Timeline
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Most widely held works by Mika Kortelainen
International economic spillovers and the liquidity trap by Juha Tarkka( Book )

8 editions published in 2005 in English and held by 9 WorldCat member libraries worldwide

Tiivistelmä: Kansainväliset taloudelliset riippuvuudet ja likviditeettiloukku
Actual and perceived monetary policy rules in a dynamic general equilibrium model of the Euroe area by Mika Kortelainen( Book )

2 editions published in 2001 in English and held by 3 WorldCat member libraries worldwide

We present a dynamic general equilibrium model with some nominal rigidities and calibrate it to euro area data. The most important features of the model include consumption/saving decisions according to Blanchard's stochastic lifetimes approach; valuation of private financial wealth according to the present value of capital income; overlapping Calvo wage contracts in the labour market; and a neoclassical supply side with Cobb-Douglas technology. The model is developed for use in analysing differences between perceived and actual monetary policy rules, which is then done as a means of evaluating the macroeconomic benefits of credibility in monetary policy. General properties of the model are analysed with a variety of simulation experiments
Adjustment of the US current account deficit( )

1 edition published in 2007 in English and held by 2 WorldCat member libraries worldwide

Effects of carbon reduction labels evidence from scanner data by Mika Kortelainen( )

1 edition published in 2013 in English and held by 1 WorldCat member library worldwide

Getting to know GIMF the simulation properties of the global integrated monetary and fiscal model( )

1 edition published in 2013 in English and held by 1 WorldCat member library worldwide

Finland selected issues and analytical notes( )

1 edition published in 2012 in English and held by 1 WorldCat member library worldwide

Do homeowners benefit the neighborhood? evidence from semiparametric hedonic regressions by Mika Kortelainen( )

1 edition published in 2012 in English and held by 1 WorldCat member library worldwide

Homeownership is heavily subsidized in many countries mainly through the tax code. The adverse effects of lenient tax treatment of owner-occupied housing on economic efficiency and growth are well documented in the economics literature. The main argument in favor of subsidizing owner-occupied housing is that it creates positive externalities or social benefits that offset these adverse effects. This paper tests whether homeowners create positive externalities to their immediate neighborhood that capitalize into house prices. Using semiparametric hedonic regressions with instrumental variables we find no evidence of positive externalities from neighborhood homeownership rate. This result is robust to relaxing the identification assumptions of our instrument using the set identification method proposed by Nevo and Rosen (2012, Review of Economics and Statistics, forthcoming). Our results suggest that the adverse efficiency effects of lenient tax treatment of owner-occupied housing are not offset by positive externalities
Impact of school quality on educational attainment evidence from Finnish high schools by Mika Kortelainen( )

1 edition published in 2014 in English and held by 1 WorldCat member library worldwide

We analyze differences in school quality using a comprehensive panel data set covering all upper secondary school graduates in Finland during the years 2002-2013. School quality is defined as the effect of the school on matriculation exam results controlling for quality of student intake. In other words, the quality difference between two schools is the expected difference in exam results for a randomly chosen student switching schools. Using methods similar to Chetty, Friedman and Rockoff (2013) we are able to measure both cross-sectional differences in school quality and the persistence of these differences over time. We also control for the uncertainty inherent in assessing the quality of smaller schools with a relatively low number of graduates. We use each pupil's comprehensive school grades to control for previous education / pupil quality. Also, comprehensive school fixed effects are used to control for differences in comprehensive school grading as well as unobserved socioeconomic factors. The method is potentially sensitive to bias induced by school selection. To assess the potential bias we partially match our student sample to a spatial database by home address and use this to assess bias. We find no evidence of significant bias. Our first result is that there are significant cross-sectional differences in school quality even after controlling for student intake quality. The quality difference between the top schools and bottom schools each year measured in average matriculation score points is around one grade point in a scale of 1 to 7. In Finland university entry is partly controlled by these matriculation exam results. A one-point difference in grade averages will significantly affect the chances of entry into the most competitive university curricula. This result must, however, be qualified in a number of ways. First, large differences are observed only between the very top and bottom institutions. Most schools are much closer to each other in quality: the interquartile range each year is only about a fifth of a grade average point. Most schools are thus clustered quite close to each other in quality. Also, while there is persistence over time in school quality, this is far from complete. This means that the ranking of the middling-quality majority of schools is highly unstable over time, making any yearly league tables highly suspect. There is more persistence in the very top and bottom institutions, which are roughly the same during the whole period under consideration. Finally, school quality seems to be for the most part evenly distributed regionally. While there are certainly good schools in the largest cities, the success of the most selective institutions is mostly explained by quality of intake rather than teaching
The environmental Kuznets curve at different levels of economic development a counterfactual quantile regression analysis for CO2 Emissions by Natina Yaduma( )

1 edition published in 2013 in English and held by 1 WorldCat member library worldwide

Valuing environmental factors in cost-benefit analysis using data envelopment analysis( )

1 edition published in 2006 in English and held by 1 WorldCat member library worldwide

Blaming the exogenous environment? : conditional efficiency estimation with continuous and discrete environmental variables by K. de Witte( )

1 edition published in 2008 in English and held by 1 WorldCat member library worldwide

Break-ups of municipal health centre federations expenditure and efficiency effects by Mika Kortelainen( )

1 edition published in 2014 in English and held by 1 WorldCat member library worldwide

Empirical evidence on economies of scale in healthcare is mostly based on the cost effects of hospital mergers. In contrast to earlier studies, this paper approaches the economies of scale issue by analysing the break-ups of municipal health centre federations. We use the difference-in-difference models to evaluate the break-up impacts on costs, outputs and efficiency of health centres in Finland between 1990 and 2003. To address potential non-random or endogenous treatment assignment we also utilize propensity score difference-in-difference approach. For cost efficiency estimation we use the non-parametric order-alpha method that is more suitable for small samples than the traditional efficiency estimators. Our results show that healthcare costs have grown considerably faster for the seceded health centres than for the similar non-seceded ones, while outputs have increased more for the former than for the latter group. Interestingly, we find the impact of break-ups to be insignificant on the productive efficiency of health centres
An investigation of oil curse in OECD and non-OECD oil exporting economies using green measures of income by Natina Yaduma( )

1 edition published in 2013 in English and held by 1 WorldCat member library worldwide

Do homeowners benefit urban neighborhoods? : evidence from housing prices by Mika Kortelainen( )

1 edition published in 2012 in English and held by 1 WorldCat member library worldwide

Index bias in the CPI by Mika Kortelainen( Book )

1 edition published in 1997 in English and held by 0 WorldCat member libraries worldwide

 
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Alternative Names
Kortelainen, Mika J.

Languages
English (23)