Applied economics and research-based analysis
VATT is an expert economics research unit. We do high-level scientific research to promote evidence-based policy making. We evaluate the effects of policy measures on individuals, households and firms. The main building blocks of our analyses are large-scale register data, profound institutional knowledge and economic theory.
VATT also acts as an expert in supporting decision-making and evaluating economic policy. Our researchers are sought after as experts in parliamentary committees, expert working groups and the media.
We have a staff of around 50 persons. Most of our researchers have a doctoral degree in economics and their backgrounds include economics of education, labour economics, public economics and environmental economics.
VATT is located at the Economicum campus in central Helsinki together with Helsinki Graduate School of Economics – an academic initiative bringing together three Finnish universities (Aalto University, Hanken School of Economics, and University of Helsinki). VATT cooperates actively with Helsinki GSE in research and education.
Through e.g. joint projects, research visits as well as personal and institutional networks, we are part of the international economics community.
VATT operates in the administrative domain of the Ministry of Finance. Of our financing, 3/5 comes from the state budget and 2/5 is tendered research funding. In 2022, our operating expenditure was approximately EUR 6 million.
VATT was founded in 1990
The Parliament of Finland set up VATT Institute for Economic Research in 1990 by merging two planning organizations: the planning secretariat of the Ministry of Finance and the Economic Planning Centre.
Since its foundation, VATT’s mission has been to produce policy-relevant research and economic policy advice. From the outset, our strategy has included high standards of scientific publication and activities that support decision-making.
VATT was founded on 1 October 1990, so in 2020 we celebrate our 30th anniversary. In 30 years, there have been various changes in both the economic policy and research priorities. However, our focus has always been on the Finnish welfare state, both the services it provides and their funding.
VATT's Director Generals from 1990 to 2020: (from right) Aki Kangasharju, Seija Ilmakunnas, Reino Hjerppe, Juhana Vartiainen and Anni Huhtala
In honour of the anniversary year, we interviewed all Director Generals of VATT. Their interviews create a picture of the different phases of both the Finnish economic policy and economic research. In addition, we have compiled five thematic articles on VATT's key areas of research and the research results obtained in them.
Director General interviews
-
The early days of VATT: work behind the scenes of economic policy-making
Director General interviews 27.10.2020 -
Looking to the 2020s: VATT conducts research of high international quality
Director General interviews 30.9.2020 -
VATT in 2010s: More economist thinking in public debate
Director General interviews 9.7.2020 -
VATT in the 2000s: New researcher generation and academic ambition
Director General interviews 15.5.2020 -
VATT in the 2000s: Financial crisis, sustainability gap and changes in the research landscape
Director General interviews 10.3.2020 -
The early days of VATT: Welfare state assessment during the great Finnish depression and the Nokia boom years
Director General interviews 23.1.2020