Public Enterprises in Estonia as Instruments of Foreign Trade Policy
In: Estonian Discussions on Economic Policy, Band 24, Heft 2
5 Ergebnisse
Sortierung:
In: Estonian Discussions on Economic Policy, Band 24, Heft 2
SSRN
The authors discuss whether a small country with shrinking population should apply public enterprises to improve its economic situation for purposes of external economic relations policy. The study refers to Estonia as an example. Estonia has developed public enterprises of the central state and of the municipalities since the reestablishment of the Estonian Republic. As public enterprise use private forms of law, some management problems occur because public firms are legally obliged to practice the management by objectives. The operationalization of welfare maximisation or achievement of sustainability of society to formulate goals for public enterprises was yet not successful. However, public firms should increase income, avoid monopoly positions of private firms, provide special public services, and should realize public goals. The activities of Estonian public enterprises and their goals show that Estonian enterprises can be used as instruments for foreign trade. The authors formulate a simple two-country model comprising a small and a big country. They introduce a public interest function referring to production, demand and employment, which allows the authors to argue that under conditions of shrinking population, the small country's public interests, becomes reduced. They show that employing public enterprises diminishes negative effects on public interests. Even some types of inefficient public firms may lead to improvements.
BASE
Cohesion Policy has provided new impulses for development in Central and Eastern European Countries (CEECs) that continue to be challenged by regional disparities. This paper investigates the effects of the European Union Cohesion Policy on regional development. After presenting historical development patterns of the investigated area and opportunities afforded by this policy, its effects on a variety of indicators are analysed for the period 2007–2014. The analysis allowed confirming positive effects of EU Cohesion Policy on the development of CEE regions. However, these effects differ across the investigated area. Moving forward, it will be crucial to develop institutions and policies characteristic to each region that are stable and efficient without external funds. ; Kohezní politika nabídla zemím střední a východní Evropy nové impulzy využitelné k čelení problematiky regionálních disparit. Článek prozkoumává dopady Kohezní politiky Evropské unie na rozvoj regionů. Po prezentaci historických rozvojových trajektorií a příležitostí, které politika nabízí, analyzuje dopady programového období 2007 - 2014 na různé rozvojové indikátory. Analýza potvrzuje pozitivní efekty Kohezní politiky na rozvoj regionů zemí střední a východní Evropy. Tyto efekty jsou však poměrně variabilní.
BASE
Cohesion Policy has provided new impulses for development in Central and Eastern European Countries (CEECs) that continue to be challenged by regional disparities. This paper investigates the effects of the European Union Cohesion Policy on regional development. After presenting historical development patterns of the investigated area and opportunities afforded by this policy, its effects on a variety of indicators are analysed for the period 2007–2014. The analysis allowed confirming positive effects of EU Cohesion Policy on the development of CEE regions. However, these effects differ across the investigated area. Moving forward, it will be crucial to develop institutions and policies characteristic to each region that are stable and efficient without external funds.
BASE
Cohesion Policy has provided new impulses for development in Central and Eastern European Countries (CEECs) that continue to be challenged by regional disparities. This paper investigates the effects of the European Union Cohesion Policy on regional development. After presenting historical development patterns of the investigated area and opportunities afforded by this policy, its effects on a variety of indicators are analysed for the period 2007–2014. The analysis allowed confirming positive effects of EU Cohesion Policy on the development of CEE regions. However, these effects differ across the investigated area. Moving forward, it will be crucial to develop institutions and policies characteristic to each region that are stable and efficient without external funds.
BASE