Microfoundations of Economic Success: Lessons from Estonia

Mayes, David G. (Ed.)

ISBN 10: 1847209297 / ISBN 13: 9781847209290

Published by Edward Elgar Publishing Ltd, 2009

About this Item

This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,700grams, ISBN:9781847209290.

Seller Inventory # 4133261

Bibliographic Details

• Title: Microfoundations of Economic Success: Lessons from Estonia
• Publisher: Edward Elgar Publishing Ltd
• Publication Date: 2009
• Language: English
• ISBN 10: 1847209297
• ISBN 13: 9781847209290
• Binding: Hardcover
• Condition: Good
• Weight: 700 grams
• Seller catalogs:
  • Economics

About this title

Synopsis

This book explores the nature of the flexibility of Estonia's rapid growth, that enables it to swiftly seize opportunities and weather crises without undue cost.

The distinguished cast of contributors draws upon detailed data on individual firms and households to explore the basis for Estonia's record as the most successful of all the EU accession countries over the last decade. They conclude that much of this accomplishment can be attributed to the greater flexibility of the Estonian economy, both in price setting in employment and wages, and in consumption. The book also reveals that Estonia is able to adjust to shocks more rapidly and with less real impact than other countries. Coupled with a favourable macroeconomic policy and a good institutional structure and legal framework, this indicates that Estonia will be an excellent example to other countries despite the recent downturn.

This unique book will be of great interest to researchers and students of the economics of transition, and will prove invaluable to policy-makers and their advisors in both transition countries and the rest of the EU, as well as graduate students studying microeconomics and monetary policy.

About the Author

Edited by the late David G. Mayes, formerly Professor of Banking and Financial Institutions, Director, Europe Institute and Director, NZ Governance Centre, University of Auckland, New Zealand