June 26, 2019
On June 28th, Ms. Sc. (Econ.) Sinikka Parviainen will defend her doctoral thesis “Essays on Informal Practices, Foreign Direct Investment and Economic Development”. Parviainen studies the relationship between informal practices and economic development with both cross-country data and through an example focused on Russia.
Sinikka Parviainen’s work contributes to the literature on institutional development and the field of development economics by analysing phenomena on the boundary of informal and formal economy such as corruption, shadow economy or barter transactions. Parviainen investigates what could be motivating these practices and whether different measures of corruption deter foreign investments to a given country with different characteristics. Her dissertation shows that informal practices that stem from institutional inadequacies are often overlooked and can influence economic development by directly affecting firm behaviour or through how the market is perceived by foreign investors.
After her defence, Parviainen will continue her work as an analyst specialized on the Russian economy at the East Office of Finnish Industries.