The importance of new firm creation in the post-Communist economies of East Central Europe (ECE) has been subject to extensive research. This paper focuses on an area of entrepreneurship which has received relatively little attention in the transition economy context but which is of particular...

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...

Purpose: The purpose of this paper is to clarify whether the age-productivity curve is different for low-waged and high-waged employees. Design/methodology/approach: Productivity growth is decomposed at the firm level into contributions by hired, separated and staying workers. Based on a...

Internationalisation of Estonian banking sector has mainly been driven by market-seeking argument, but also competition about the strategic advantage of first entry in Latvian and Lithuanian markets played important role. The most successful example is Hansapank, which has developed from a small...

The current extensive literature on the home-country employment effect of FDI focuses almost exclusively on the case of investments from high-income and high labour cost home countries. In our paper we analyse the home-country employment effect in Estonia as a lowcost medium-income transition...