Local governments (LGs) that are small and located in peripheral locations have several challenges to introduce policies for increasing local firms' innovation activity compared to LGs located near agglomerations. This article reveals that one of the comparative advantages of small LGs is...

The authors discuss whether a small country with shrinking population should apply public enterprises to improve its economic situation for purposes of external economic relations policy. The study refers to Estonia as an example. Estonia has developed public enterprises of the central state and...