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AbstractThe paper seeks to explain why formal integration, i.e. membership of the European Union (EU), should matter to Central and Eastern Europe (CEE) by testing a number of hypotheses about the relationship, respective levels and intensity of relationship of the two fundamental forces of real...
AbstractThe initial cost of equity of a foreign subsidiary, financed by its parent from abroad, and the opportunity cost of reinvesting its marginal foreign profits both depend on repatriation taxes. Only investments financed from intramarginal foreign profits are independent of repatriation...
AbstractThe current article presents the concept of labour market flexibility and its role in transition economies. The role of unions in labour market flexibility is described in order to assess the role of unions in Estonia. We assume that the wage differential reflects the power of trade...
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