Exchange rate policies simulated by means of a disequilibrium model of the Finnish economy

In this paper a model for the Finnish economy with disequilibrium in the goods and financial markets is specified and estimated by single equation methods. The transmission mechanisms of the model are studied in the framework of various devaluation simulations. The model is very sensitive, especially with respect to the prevailing credit market regime and possible regime changes. Policy effects are not so much affected by conditions in the goods market, assuming moderate policy shocks. These considerations suggest the importance in policy planning of identifying the regimes prevailing in the markets.     

Oecd Social Indicators for 2001: a Critical Appraisal

The OECD social indicators for 2001 were critically reviewed by analysing their interrelationships across all OECD countries during the late 1990s. First, findings were provided covering the underlying structure of subsets of indicators by similarity in content as suggested by the OECD. Second, an analysis of the selected key indicators yielded five social dimensions, which were interpretedas conceptual constructs underlying the set of OECDsocial indicators at the level of the entire OECD area. Third, the relationships of each indicator withthese social dimensions were observed to aid choosing of appropriate indicators for making and evaluating social policies. Fourth, the OECDcountries were ranked according to their overall social welfare, as defined by the OECD social indicators, basedon the scores of the countries on the social dimensions. Fifth, similarities among the OECD countries were examined and it was found that the countries formed six bipolar country dimensions. The findings showed that an easily interpretable structure underlies the OECD social indicators. The paper clarified the use of the OECD social indicators for 2001 as a tool for planning and decision-making and for cross-national analyses of social policies.     

Structural invariance and stability of sense of coherence: A longitudinal analysis of two groups with different employment experiences

This 5-year follow-up study investigated the structure and the factorial invariance of the 13-item sense of coherence (SOC) scale (Antonovsky, ) in two employment groups (unemployment/lay-off experiences vs. continuous full-time employment) and across two measurement times. In addition, the stability of SOC between these two employment groups was compared. The postal questionnaire data was collected twice, in 1992 and in 1997. The participants were Finnish technical designers (N=352) aged between 25 and 40 years in 1992. A total of 51% of the investigated participants had been employed full-time during the 5-year follow-up period and 49% had been unemployed and/or laid off for a total period of at least one month during the follow-up. The confirmatory factor analysis indicated that the SOC scale measured one general second-order SOC factor consisting of three, first-order factors of meaningfulness, comprehensibility, and manageability. The results also indicated that the scale was best used as an 11-item measure. The factorial invariance of the scale across time and across the two employment groups was supported by the data. Unexpectedly, the stability of SOC did not differ between the two employment groups. However, those participants who had experienced unemployment and/or been laid off during the follow-up period had a weaker SOC at both measurement times than those who had been employed throughout the follow-up.     

Structural invariance and stability of sense of coherence: A longitudinal analysis of two groups with different employment experiences

This 5-year follow-up study investigated the structure and the factorial invariance of the 13-item sense of coherence (SOC) scale (Antonovsky, 1987a) in two employment groups (unemployment/lay-off experiences vs. continuous full-time employment) and across two measurement times. In addition, the stability of SOC between these two employment groups was compared. The postal questionnaire data was collected twice, in 1992 and in 1997. The participants were Finnish technical designers (N=352) aged between 25 and 40 years in 1992. A total of 51% of the investigated participants had been employed full-time during the 5-year follow-up period and 49% had been unemployed and/or laid off for a total period of at least one month during the follow-up. The confirmatory factor analysis indicated that the SOC scale measured one general second-order SOC factor consisting of three, first-order factors of meaningfulness, comprehensibility, and manageability. The results also indicated that the scale was best used as an 11-item measure. The factorial invariance of the scale across time and across the two employment groups was supported by the data. Unexpectedly, the stability of SOC did not differ between the two employment groups. However, those participants who had experienced unemployment and/or been laid off during the follow-up period had a weaker SOC at both measurement times than those who had been employed throughout the follow-up.     

Student portfolios as windows into intercultural knowledge and knowing

This research paper deals with intercultural knowledge and knowing as displayed in higher education student portfolios. The portfolios were written by student pairs taking a global education course at Centria University of Applied Sciences, Finland, during seven academic years. Conceptual metaphor theory and metaphor analysis were utilised to explore intercultural knowledge and knowing in the portfolio texts. The study is one of the few metaphor analyses conducted in the context of intercultural/global education. For the analysis, we selected a sample of student portfolios that represented both degree-taking students and exchange students. In this study, interculturality was defined as interaction of people representing various cultural backgrounds, world-views and identities. The research questions were the following: What conceptual metaphors and metonymies do the students utilise when writing about culture and interculturality? What main conceptions of culture and interculturality do the metaphors and metonymies reflect? In the result section of this paper, we provide citations of portfolio text to discuss the four most frequently occurring metaphors and metonymies. We also discuss our interpretations about the underlying conceptions of culture and their significance for the practice of intercultural education.     

Self-Other Agreement in Happiness and Life-Satisfaction: The Role of Personality Traits

The aim of the current study is to examine the role of personality traits in self-other agreement in happiness and life-satisfaction which are often seen as the essential components of subjective well-being (SWB). Self-reports on the SWB measure and the NEO Personality Inventory-3 were obtained from 1,251 Estonians aged between 18 and 86 years. Other-ratings on the same measures were provided by knowledgeable informants. The measure of SWB showed significant self-other agreement, r = .55 (p = .000). We found this agreement to be transmitted (i.e., mediated) through the self- and other-rated personality facet scores of N3 (Depression) and E6 (Positive Emotions), Z = 2.8001–11.7142. The findings suggest that when an informant evaluates someone’s happiness or life-satisfaction, his/her rating is inflated by the image held about the personality of this person. Furthermore, self-reported SWB reflects, to some extent, what other people think about one’s personality.