The paper answers one of the typical problems of economic theory -- how it is in practice possible to measure and to interpret the quality of economic time series at all economic levels. The task is on the macroeconomic level solved by weighted geometric aggregation of input factors (labor and...

Public firms are public economic units that take location decisions or are involved in such decisions. There is a lack of location theories that consider this feature. The literature on public facility location theory mainly concerns location of real capital serving economic units. Attempts to...

Although most countries have firm reorganization option in legislation (either as a separate law or part of insolvency code), the practice of successful reorganizations has remained modest. Reorganization law was introduced in Estonia in late 2008, but only a few firms have been successfully...

Developments in the real world depends on human reaction to economic events which is also determined by dominating economic thought. Dominance of neoliberal and monetarist thinking was the main cause of ignoring asset price bubbles and their effects on real economy. New keynesian economic...

It has become increasingly clear particularly in this century that through the destructive impacts of financial markets, economic crises are often amplified to proportions which set the entire system at risk. V. Cerra and S.C. Saxena have shown that failures in real economy brought about by...

This empirical study investigates the dynamics and the determinants of social capital in Europe over the period 1990-2008, using empirical data from EVS. Methodologically, factor analysis and regression analysis are implemented. The analysis covers 20 Western-European countries, 10 new member...

After joining the European Union, remarkable support has been provided to Estonian firms through government grants financed from EU funds, but so far it has not been systematically studied, which firms can get support from them. Current study analyzes all grants for firms financed from EU funds...

There is a growing consensus that the successful development of infrastructure specific sectors depends a lot on the adaption of appropriate public policies and the effective implementation of these policies. The way how regulation is implemented plays an important role in infrastructure...

The paper contains a brief treatment of the economic crisis in Estonia, associating it critically with the general economic situation and reasons. The issues of unemployment, increase in prices and several other important areas are under review. Adoption of euro and the price dynamics in Estonia...

In this paper an overview of tax benefits granted by Estonian legal acts is given, and extent of tax benefits use by resident natural persons using the data from databases of Estonian Tax and Customs Board (ETCB) is analyzed. Also the possibility of tax benefits classification is considered and...