This working paper explores affective, cognitive, conative and action consequences of customer satisfaction focusing on the dimensionality of responses to satisfaction and their interrelations. For the purpose of the present working paper, affective, cognitive, conative and action consequences...

This paper focuses on two issues of subjective well-being: (1) the relative advantage of using either happiness or life satisfaction as an explanatory variable and either (relative) income or financial satisfaction as an independent variable, and (2) the difference in the level and the factors...

The aim of this article is to evaluate the ratio of expenditures between fundamental research, applied research and technological development, to analyse this proportion in the innovation processes of Estonian biotech public sector and private SMEs, and to shape supportive measures to knowledge...

Average life span in Europe has increased by more than average pension age. Most of the pension age people have preserved their work ability. This has raised the percentage of younger pensioners compared to the working population. In many countries young people are in a situation where they have...

Direct investment outflow from transition economies abroad is still modest compared to investment inflow towards transition economies. Global economy both creates preconditions for and also motivates the internatio¨nalization of banks. The main aim of the article is to study activities of...

As part of the classical university, the Faculty of Economics and Business Administration of the University of Tartu in Estonia has excellent opportunities for offering academic economic education. Despite the long-standing tradition of teaching economics, it has been necessary in the past 15...

The huge price differences between the former Soviet Union (FSU) and remaining world emerged at the beginning of 1990s. This phenomenon of hundredfold relative purchasing power of foreign currencies in the republics of FSU is not systematically explained by the traditional system of the...

From the perspective of economic efficiency there are obvious advantages of regional differentiation of regulatory measures instead of relying on nationally uniform regulation, which is due to the fact that adverse health impacts, as well as other negative externalities, such as environmental...

Transition is not just transition of formal institutions, convergence of price levels and living standards. The closure or the gap in formal institutions is probably less time demanding than the closure of ideological or mental gap, created in many fields in academy or social life. Social...

The main aim of the article is to emphasise the need for governmental support in the process of building knowledge-based economy. The authors focus on the knowledge creating process in the form on R&D activities and also on entrepreneurial process, mostly in participation with universities. That...