member states at an ever increasing pace. Despite this, the challenges of a global economy-where only innovation and … entrepreneurship can compete successfully, and the relative lag in the competitive capacity of our economy behind numerous other … possible to the demands of the knowledge based economy. That means the transformation from an economy with low added value …

The unemployment rate in Estonia rose sharply in 2010 to one of the highest levels in the EU, after the country entered …

innovation surveys for Estonia. We show that innovation is associated with increased productivity in the service sector. The …

manufacturing firms in Estonia. Unlike the majority of earlier studies that use productivity data, I find evidence consistent with …

, ethnic groups, and workers with different skill levels. As Estonia entered recession in 2008, the unemployment rate almost … will be a key adjustment mechanism during the recession as well as in the medium term if Estonia is to become a knowledge … based economy. Given the currency board arrangement and low synchronisation with the euro area, flexibility is also needed …

employs detailed firm-level panel-data from Estonia’s manufacturing sector to investigate different channels through which FDI …

From 2000 to 2007, Estonia was one of the fastest growing emerging market economies. A housing boom, fuelled by capital … board limited the Bank of Estonia’s ability to curb credit growth, while the fiscal policy framework amplified the cycle … tightened lending standards and capital outflows. Estonia is now in a severe recession. To restore high and sustainable growth …

the investing firms on the rest of the home country. Our results based on panel data from Estonia do not indicate much …