The aim of this article is to analyse changes in the nature and scope of long-term unemployment in Estonia against the background of positive economic development in recent years. The analysis covers the period 1997-2006 including changes in the structure of long-term unemployment and an...

The paper examines the role of foreign stock marketsí price and volatility movements in the price and volatility movements in the Estonian stock market. Using daily log returns from July 8th, 1996 through December 31st, 2003 and applying a VAR-EGARCH framework, the author finds that there is a...

The evolutionary game theory and network segregation models are used for explaining strategic changes in micro behaviour. Simulations are used for modelling strategic responses based on interviews. Prisonersí dilemma situation is used in infinitely iterated games, where randomness is created...

This paper deals with management tools like conflict analysis and ethics auditing. Ethics auditing is understood as an opportunity and agreement to devise a system to inform on ethical corporate behaviour. This system essentially aims to increase the transparency and credibility of a companyís...

This paper is aimed to explain the choice of instrument mix for EUR-based long-term equity investors, like pension funds, in the Eastern Europe. It is assumed that investments into local securities are the investorsí preferred choice. Markowitz mean-variance optimization was used for...

15 years passed on 20 June 2007 from the currency reform in Estonia. Estonia was the first from the former Soviet Union republics to exit the rouble zone. In principle, the 1992 currency reform was an evolutionary process where 20th June signified only one, largely technical stage in the whole...

The paper studies the financial market efficiency based on the data from Tallinn Stock Exchange, the rationality of expectations that is treated as financial rationality and the time series properties of inflation time series to get the forecasting model. The hypotheses to be tested are of...

This paper reviews the literature on factors influencing the allocation of foreign direct investments, with respect to the significant role of corporate taxation policy. The review includes Bucovetskyís tax competition model where countries are assumed to be asymmetric. Empirical studies of...

The aim of the paper is to analyze the relationship between health and economic growth in Estonia. Health determines the quality of the human capital, which modern economic theories consider the principal factor of economic growth. On the basis of survey data we estimate the effect of...

This paper presents an empirical analysis of companiesí capital structure and dividend decisions under distributed profit taxation (DPT), the corporate taxation regime of Estonia since 2000. The survey is based on the financial information available from the Estonian Commercial Registry in...