In outline, the present working paper aims at presenting, analysing and systematising key issues of the complex analysis on a country's competitiveness. Competitiveness is a multidimensional feature of an economic entity operating in a market economy. Therefore different aspects of...

The current literature about old-age pensions can be characterised by the numerous analyses of pension system reforms in developed countries as well as in developing ones. Although the radical change in economic and social values during the process of transition from command economy to market...

In order to develop the necessary Estonian measures and policies the prevailing distribution of expenditures for these purposes are presented. Although the share of GDP used for financing education in Estonia is somewhat above the EU average the nominal amount of per capita education funds is...

The share of GDP used for financing education in Estonia is somewhat lower in comparison to the EU average, the nominal amount of per capita education funds is much more lower due to a low level of economic development. Moreover, because of thin population per square km many small schools exist...

The objective of this working paper is to point out major ways of regulating the global economy in order to increase impact of foreign trade, credits and (foreign) investments on economic growth and welfare. Some basic problems that occur in the process of balancing economic development are...

Estonian municipalities should perform a broad range of functions, while their fiscal resources are often limited and large disparities in fiscal capacity prevail among them. Moreover, the power to regulate fiscal affairs is mostly in the hands of the central government. We discuss how a strict...