Although systems of innovation approach is gaining popularity among researchers and policy-makers, it is still rather difficult to apply this approach to specific policy settings and designs, because the approach is too general and does not provide many direct suggestions for building up an...

This article outlines the main directions of the development of national innovation systems in the new EU member states as catch-up economies emerging from a period of systemic change. Attempts simply to copy the experience of the high-income economies in building national innovation systems are...

This paper aims to assess the economic development and development policies in the Central and Eastern European (CEE) countries in 1990-2005, from the collapse of the USSR to the enlargement of the European Union. A great number of authors have generally seen the transition as a very positive...

The external and internal context of the firms is influenced by governmental interventions. For a long time the discussion over government interventions to the market processes and economic environment has taken place. It is accepted by different researchers including supporters of social market...

The aim of this article is to develop and deepen the discussion on this topic and analyse the methods of measuring hidden unemployment. This is important for giving an adequate overview of the situation of the labour market in Estonia and the scope of hidden unemployment and its development in...

Quangos and public entrepreneurship are closely related. The economic theory of quangos allows us to develop a quango theory and highlight the effects of public entrepreneurship. By considering principal agent relations we show how public entrepreneurship of government and quango influence each...

The aim of this article is to analyse two components of hidden unemployment in Estonia – underemployment and discouraged persons in 1997-2000. This is important for giving an adequate overview of the situation on the labour market in Estonia and the scope of hidden unemployment and its...