title: Evolution of the subregional socio-economic institutional model type: Estonian economic system in the Baltic Rim
reg no: SF0142697As05
project type: targeted financing
subject: 5.1. Economics
status: accepted
institution: Tallinn Technical University
head of project: Tiia Püss
duration: 01.01.2005 - 31.12.2009
description: The research will elaborate a significant new concept of the national economic institutional system evolution theory. The main determinants of evolution of this system are development of the national political-social environment and the respective developments of the main/closest regional economic partners. The research is focused on the example of Estonia in the context of the Baltic Rim economic region. Particular attention in the latter connection is on the enlargement of the EU into the Baltic countries and instability of the political-economic development in Russia.
The research will be conducted as Bayesian complex hypotheses-research problems, which will be solved with the help of econometric models and public choice game theoretical equilibrium principles of the contemporary political economy.
The applied part includes analysis of primarily the following components and problems of the Estonian socio-economic institutional system:
(1) financial sector role in providing subregional economic co-operation through the operation of economic agents network;
(2) motives for the multinational corporations to enter developing markets and the ensuing local institutional improvement;
(3) increasing robustness for the macroeconomic shocks from changes in the regional economic-political structure of the Baltic Rim;
(4) evolution of the redistribution, social protection and welfare mechanisms and development of health care and educational systems, considering primarily subregional idiosyncrasy.
Results of the research will be a significant contribution both to the evolution theory of economic systems and the respective policies of Estonia.

project group
no name institution position  
1.Üllas EhrlichTallinn University of Technology, Faculty of Economics and Business AdministrationExtraordinary Researcher 
2.Kaie KeremTallinn University of Technology, Faculty of Economics and Business AdministrationProfessor of Economics 
3.Ene KolbreTallinn University of Technology, Faculty of Economics and Business Administrationprofessor, head of chair of logistics and real estate 
4.Anton LaurTallinn University of Technology, Faculty of Economics and Business AdministrationSenior Researcher, Acting Head 
5.Enn ListraTallinn University of Technology, Faculty of Economics and Business AdministrationProfessor, Head of the Chair of Finance and Banking, Dean of the School of Economics and Business Administration 
6.Mari MeelTallinn University of Technology, Faculty of Economics and Business AdministrationAssociate Professor 
7.Tiia PüssTallinn University of Technology, Faculty of Economics and Business AdministrationSenior researcher 
8.Mare RandveerTallinn University of Technology, Faculty of Economics and Business AdministrationAssociate Professor 
9.Maksim SaatTallinn University of Technology, Faculty of Economics and Business AdministrationProfessor 
10.Koidu TennoTallinn University of Technology, Faculty of Economics and Business AdministrationExtraordinary Senior Researcher 
11.Jaan VainuTallinn University of Technology, Faculty of Economics and Business Administrationsenior research fellow 
12.Urve VenesaarTallinn University of Technology, Faculty of Economics and Business AdministrationVice-Dean for Research, Associate Professor 
13.Mare ViiesTallinn University of Technology, Faculty of Economics and Business Administrationresearcher