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Sustainability of Estonian Competitiveness

Frank Emmert

Indiana University Robert H. McKinney School of Law

Jorma Heinonen

Estonian Wild & Wise, OU

October 12, 2006

Estonia has been amongst the most successful countries in the transition from Communism and planned economy to Western style democracy, market ecomomy, and rule of law. The reasons for Estonia's success in the past have been analyzed by various authors and institutions before, including the present authors. This new paper aims in a different direction. The analysis here presented looks at the sustainability of Estonian competitiveness, i.e., the prospects of this small Northeast European country for future economic success. After a brief introduction to Estonia's economic background, the authors discuss available physical capital, human capital, and social capital, and their respective strengths and weaknesses. Particular emphasis is placed on the potential of social capital as the driving factor for sustainable growth in Estonia. In their conclusions, the authors identify a number of challenges to be overcome, and make proposals for the difficult choices faced by the Estonian government and private sector.

Number of Pages in PDF File: 15

Keywords: Estonia, economy, growth, sustainability, social capital

JEL Classification: E62,F43,I28,K42,L52,L73,L96,O11,O15,O52,P21,P27

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Date posted: October 15, 2006  

Suggested Citation

Emmert, Frank and Heinonen, Jorma, Sustainability of Estonian Competitiveness (October 12, 2006). Available at SSRN: https://ssrn.com/abstract=937388 or http://dx.doi.org/10.2139/ssrn.937388

Contact Information

Frank Emmert (Contact Author)
Indiana University Robert H. McKinney School of Law ( email )
Inlow Hall IN 335
530 West New York Street
Indianapolis, IN 46202
United States

Jorma Heinonen
Estonian Wild & Wise, OU ( email )
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References:  41