The purpose of this paper is to clarify whether domestic or foreign firms gained more from labour churning while adjusting to the Great Recession in Estonia. During times of high unemployment, all firms can raise their requirements for new employees, but in times of crisis foreign firms may have...

This paper aims to analyse the role of outward foreign direct investments in the Estonian economy. The research is based on the macro data provided by the Bank of Estonia and on the results obtained from 70 firms that responded to the survey conducted by the authors in autumn 2001. In the...