Universities are the key players in constructing Finland’s knowledge-based economy, according to the report of an international evaluation of Finland’s innovation system. The report says that while there is relatively high investment in higher education R&D and that Finland is well-endowed with researchers, research output relative to inputs as measured by publications is low.

http://www.tem.fi/files/24929/InnoEvalFi_FULL_Report_28_Oct_2009.pdf
http://www.universityworldnews.com/filemgmt_data/files/Brave_New_World_Dobson_%26_Elander.pdf