Estonia with its foundations of economic system belongs amongst favorites of liberal economists. Foreign economical openness, stable money through the currency board arrangement exchange rate system, simple tax system with proportional income tax rate, rapid and transparent privatization for...

After the fundamental changes of the early 1990s and before Estonia joined the EU, many neo-liberal economists regarded Estonia as their model student - due to the country's economic principles. Economic growth has been positive from 1995 on (except in 1999) until 2007, and above the EU average....

The article analyzes the competition policy's role in network industries (energy, telecommunication and railway sector) from points of view regulation and deregulation and institutional aspects of the competition policy in Estonia taking into account the particular developments in some...

Research and development (R&D) policy has to fulfil a central role in innovation policy since it consists of government sector measures that support R&D in order to initialise and promote innovation. The authors of this article discuss first the theoretical reasoning for government sector...

This chapter discusses the application of the national system approach in the catching up economies. It criticizes the assumption that there exists an optimal one-sizefits-all national innovation system model. The example is the Estonia-Finland case, in which Finland's national innovation system...