The Path to and Lessons from the Economic Crisis in Estonia: Employee Compensation Development
Keywords: development strategy, international division of economic activities, Baltic Sea region, economic crisis, compensation of employees, gross and net salary, economic activities structure
AbstractThe aim of this article is to describe Estonia’s economic development strategy in the Baltic Sea region primarily from the perspective of labour costs as a factor in international competitiveness. Estonia’s position in the international division of economic activities will be explored based on expert assessments in the context of a study of theoretical literature about labour compensation as a factor in international competitiveness. The differences between the impact of the economic boom and crisis periods on the level and dynamics of employee compensation (labour related expenditures), and gross and net salary in Estonia at the national level will be empirically analysed. An empirical analysis will also be performed to describe the changes in the structure of economic activities (NACE-classification) in Estonia
How to Cite
Reiljan, J. (1). The Path to and Lessons from the Economic Crisis in Estonia: Employee Compensation Development. Estonian Discussions on Economic Policy, 20(2). https://doi.org/10.15157/tpep.v20i2.839
Articles. Artikeln. Artiklid
Copyright (c) 2016 Estonian Discussions on Economic Policy
This work is licensed under a Creative Commons Attribution 4.0 International License.The publication Estonian Discussions on Economic Policy uses the Creative Commons Attribution 4.0 License. With the delivery of a paper, the author grants to the Board also the right to publish the paper in the journal. The journal has set no obstacles or prohibitions to the authors for the future, and according to the current practice, authors subsequently use their paper as they consider it appropriate. Authors are personally responsible for the content, correct spelling and formatting of their publications.