scholarly journals ASSESSMENT OF NATIONAL INNOVATION PERFORMANCE OF THE BALTIC COUNTRIES

Author(s):  
Bahman Peyravi

This paper’s aim is to assess national innovation performance of Baltic countries (Lithuania, Latvia and Estonia) based on European innovation scoreboard results. The paper leans on the performance on each indicator and analyses the main factors behind the development in innovation performances in each country. The main underline of the paper is to explore the main factors which have been developed after being member of the European Union. The results of the paper indicates the inability achieve the standard of human capital, the impact of small economy. Estonia has higher innovation performance among other Baltic states; successful attraction of the foreign investment can be seen as the main cause. Furthermore, the positive relation with Nordic states and favorable tax policy in notable force for higher innovation performance in Estonia.

Equilibrium ◽  
2019 ◽  
Vol 14 (2) ◽  
pp. 277-293
Author(s):  
Egidijus Kundelis ◽  
Renata Legenzova

Research background: The problem of base erosion and profit shifting by multi-national corporations has been debated from different perspectives because of its multiple impact on the key actors in the economy. Studies refer to its positive impact on companies via corporate taxes saved, but its negative impact on governments via reduced tax collection. A number of empirical studies conducted in different countries support the substantial BEPS impact on company performance, but report differences in its magnitude. Other authors claim that, despite a wide range of tax avoidance opportunities available, tax avoidance is limited due to institutional measures imposed (tax audits, penalties for non-compliance) and high implementation costs. A majority of the previous empirical research covered large countries (USA, Germany) or regions (e.g. Europe), but there is a gap in the re-search assessing the BEPS impact on multinational corporations’ subsidiaries’ performance in countries with lower corporate income tax rates such as the Baltic countries. Purpose of the article: To assess the impact of base erosion and profit shifting on multinational corporations’ subsidiaries’ performance in the Baltic countries. Methods: Empirical research is conducted based on the framework employed by Hines and Rice (1994) to measure BEPS impact on company performance. Regression analysis with fixed effects was applied to a sample of 3,422 Latvian, Lithuanian and Estonian subsidiaries of multinational corporations, which are characterized by low corporate tax rates.  The data for the period of 2007–2015 was retrieved from the Amadeus database. Findings & Value added: The research revealed that Baltic countries’ tax differentials between multinational corporations’ parent and subsidiary countries might have a significant impact on the subsidiary’s financial performance. When the tax rate differences between Baltic and the foreign countries decrease by 1%, reported profits in Baltic countries increase by 2.3%, indicating profit-shifting behaviour. This is in line with the empirical literature and practices applied by multinational corporations. It is also in favour of anti-tax avoidance measures introduced by the EC to be adopted by Baltic and other EU countries.


Author(s):  
Martin Ehala

The focus of intergroup communication research in the Baltic countries is on interethnic relations. All three countries have Russian-speaking urban minorities whose process of integration with Estonian, Latvian, and Lithuanian majorities has been extensively studied. During the Soviet era when the Russian-speaking communities in the Baltic countries were formed, they enjoyed majority status and privileges. After the collapse of the Soviet Union, there was a status reversal as Russian speakers become minorities in the newly emerged national states. The integration of once monolingual Russian-speaking communities has been the major social challenge for the Baltic states, particularly for Estonia and Latvia where they constitute about 30% of the population. Besides the Russian-speaking minorities, each of the Baltic countries has also one other significant minority. In Estonia it is Võro, a linguistically closely related group to Estonians; in Latvia it is Latgalians, closely related to Latvians; and in Lithuania, it is the Polish minority. Unlike the Russian-speaking urban minorities of fairly recent origin, the other minorities are largely rural and native in their territories. The intergroup communication between the majorities and Russian-speaking minorities in the Baltic countries has often analyzed by a triadic nexus consisting of the minority, the nationalizing state, and the external homeland (Russia). In recent analyses, the European Union (through its institutions) has often been added as an additional player. The intergroup communication between the majorities and the Russian-speaking communities is strongly affected by conflicting collective memories over 20th-century history. While the titular nations see the Soviet time as occupation, the Russian speakers prefer to see the positive role of the Soviet Union in defeating Hitler and reconstructing the countries’ economy. These differences have resulted in some symbolic violence such as relocation of the Bronze Soldier monument in Estonia and the riots that it provoked. Recent annexation of Crimea by the Russian Federation and the role of the Ukrainian Russian speakers in the secessionist war in the Eastern Ukraine have raised fears that Russia is trying to use its influence over its compatriots in the Baltic countries for similar ends. At the same time, the native minorities of Võro and Latgalians are going through emancipation and have demanded more recognition. This movement is seen by some among the Estonian and Latvian majorities as attempts to weaken the national communities that are already in trouble with integrating the Russian speakers. In Lithuania, some historical disagreements exist also between the Lithuanians and Polish, since the area of their settlement around capital Vilnius used to be part of Poland before World War II. The Baltic setting is particularly interesting for intergroup communication purposes, since the three countries have several historical parallels: the Russian-speaking communities have fairly similar origin, but different size and prominence, as do the titular groups. These differences in the power balance between the majority and minority have been one of the major factors that have motivated different rhetoric by the nationalizing states, which has resulted in noticeably different outcomes in each setting.


2008 ◽  
Vol 9 (1) ◽  
pp. 65-77 ◽  
Author(s):  
Borisas Melnikas

Regional integration oriented transformations in the Baltic region, as well as the unified social, economic and technological space formation processes are described and analysed. These processes are comprehended as an important factor of further social, economic and technological modernization in the Baltic countries, as a precondition for more intensive and active integration of Baltic economic systems into the European and global economic and technological structures, as well as a knowledge‐based society and knowledge economy creation factor. The arguments determining the idea of the Baltic region community and unity, as well as opposing arguments are evaluated. The main principles of integration in the Baltic region, as well as the possible integration strategies are analysed. The unified social, economic and technological space in the Baltic region as a research area is described.


2014 ◽  
Vol 20 (4) ◽  
pp. 783-800 ◽  
Author(s):  
Rimantas Rudzkis ◽  
Roma Valkavičienė

The article examines the dependencies of individual sectoral stock price indices of OMX Baltic security market on macroeconomic indicators, using econometric methods. Regression models are constructed using quarterly time series of 2000–2011 years while the methodology is backed with the findings of Lithuanian and foreign scientists from an extensive overview of specific literature. Regression equations, obtained in the paper, allows us to identify the key macroeconomic and global indicators that statistically significantly affect the Baltic securities market and to quantify their impact on the stock price indices of individual sectors in the Baltic countries. Econometric analysis of OMX Baltic security market proves the hypothesis that the set of macroeconomic regressors may vary considerably depending on the individual sector's price indices, especially in the case of small open economy with immature stock markets. The paper provides investors who are shaping their portfolios taking into account the macroeconomic forecasts with additional opportunities on the basis of sectoral stock price indices regression equations.


2021 ◽  
Vol 27 (1) ◽  
pp. 262-279
Author(s):  
Oscar Claveria ◽  
Enric Monte ◽  
Salvador Torra

In this study, we introduce a sentiment construction method based on the evolution of survey-based indicators. We make use of genetic algorithms to evolve qualitative expectations in order to generate country-specific empirical economic sentiment indicators in the three Baltic republics and the European Union. First, for each country we search for the non-linear combination of firms’ and households’ expectations that minimises a fitness function. Second, we compute the frequency with which each survey expectation appears in the evolved indicators and examine the lag structure per variable selected by the algorithm. The industry survey indicator with the highest predictive performance are production expectations, while in the case of the consumer survey the distribution between variables is multi-modal. Third, we evaluate the out-of-sample predictive performance of the generated indicators, obtaining more accurate estimates of year-on-year GDP growth rates than with the scaled industrial and consumer confidence indicators. Finally, we use non-linear constrained optimisation to combine the evolved expectations of firms and consumers and generate aggregate expectations of of year-on-year GDP growth. We find that, in most cases, aggregate expectations outperform recursive autoregressive predictions of economic growth.


Author(s):  
Vladimir Olenchenko

In 2019, the Baltic states passed the 15-year mark of membership in the European Union. This anniversary was not celebrated in the Baltic states or in the EU and did not attract attention of other countries. After the collapse of the USSR in 1991, the Baltic states chose not to join the CIS, but to join the EU. For Russia, the Baltic states are immediate geographical neighbours, which generate conflict in bilateral relations. The purpose of the study is to examine how the Baltic states' membership in the EU affected the main characteristics of their development and to what extent anti-Russian orientation of the Baltic foreign policy is due to EU membership. Achievement of this goal is seen through the solution of two tasks. The first is to study the current state of the Baltic economies. The second is to analyze the Baltic states conflict in relations with Russia within the EU. For the study, the method of comparing the statistical data of the EU for 2004-2019 was used in relation to the Baltic countries, as well as a comparison of the contractual obligations of relations between Russia and the EU with the practice of the Baltic countries. The results of the study show that the Baltic economies, despite long enough EU membership, remain subsidized. Conflict between the Baltic states and Russia does not directly come from the legal basis of their membership in the EU but is mostly due to several other external factors.


2019 ◽  
pp. 73-84 ◽  
Author(s):  
A.V. Lуalina

The article provides an analysis of the current level of migration to and from the Kaliningrad region. The article focuses on the impact of migration on the replacement of the natural population decline and its age and sex structure. The data on the age and sex of migrants and the population of municipalities of the Kaliningrad region in 2011-2017 were used in the analysis. The author has built a typology of migration trends in the region. The main classifying feature was the criterion of migration intensity in different age and gender groups, which was estimated using the net migration rate. It was found that despite the generally favourable nature of the age profile of migration for demographic development, migration replaces the reduction in the number of the working-age population only partially. The ageing of the population is observed in the East and South-West of the region, some coastal areas, whereas the rejuvenation of the population is registered in other coastal areas and the Kaliningrad agglomeration. The gender structure of migration tends to exacerbate the existing disparities. In the municipalities of the region, the intraregional and external migration largely go in the opposite directions. Migration exchange with the CIS, the Baltic countries and regions of Russia partly replaces the loss of the male population and youth in intraregional exchange.


2003 ◽  
Vol 48 (10) ◽  
pp. 1-7 ◽  
Author(s):  
A. Vicory ◽  
J. Staniskis ◽  
J. Heath ◽  
T. Davenport

The Ohio River Valley Water Sanitation Commission (ORSANCO), in cooperation with the United States EPA, is completing it role in assisting the Baltic Countries of Estonia, Latvia, Lithuania and Kaliningrad Oblast, Russia with watershed management capacity building demonstration projects under the Great Lakes/Baltic Sea Partnership Program. The Countries of Estonia, Latvia and Lithuania view the skills gained through this program as important to their objective of complying with the European Union’s Water Framework Directive and thus facilitating accession into the European Union. The program also addressed Kaliningrad’s desire to work cooperatively with their neighboring countries concerning shared waters. Three watershed demonstration projects were designed and implemented, two of which involved joint country efforts: Parnu River (Estonia) modeling for nutrients and bacteria survey; river basin assessment and management planning for the Lielupe Basin (Latvia and Lithuania); and data base development and cooperative water quality survey and analysis for the Sesupe River (Lithuania and Kaliningrad). The benefits of the projects include enhancing the country’s technical skills and the forging of relationships, without which achieving effective watershed management will be difficult to achieve.


2021 ◽  
Vol 79 (1) ◽  
Author(s):  
Agnieszka Genowska ◽  
Birute Strukcinskiene ◽  
Anita Villerusa ◽  
Jerzy Konstantynowicz

Abstract Background Information about trends in perinatal and child health inequalities is scarce, especially in the Eastern Europe. We analyzed how mortality under 1 year of age has been changing in the Baltic States and the European Union (EU) over 25 years, and what associations occurred between changes in macroeconomic factors and mortality. Methods Data on fetal, neonatal, infant mortality, and macroeconomic factors were extracted from WHO database. Joinpoint regression analysis was performed to analyze time trajectories of mortality over 1990–2014. We also investigated how the changes in health expenditures and Gross Domestic Product (GDP) contributed to the changes in mortality. Results The reduction of fetal, neonatal and infant mortality in the Baltic countries led to convergence with the EU. In Estonia this process was the fastest, and then the rates tended to diverge. The strongest effect in reduction of neonatal mortality was related to the annual increase in health expenditure and GDP which had occurred in the same year, and a decrease in fetal mortality associated with an increase in health expenditure and GDP in the 4th and 5th year, respectively, following the initial change. Conclusions These findings outlined convergences and divergences in mortality under 1 year of age in the Baltic States compared with the patterns of the EU. Our data highlighted a need to define health policy directions aimed at the implementation of effective intervention modalities addressing reduction of risks in prenatal and early life.


Author(s):  
Bartosz Korinth ◽  
Jan A. Wendt

The subject of this study is the COVID-19 pandemic that has shaken the world’s tourism industry since March 2020. The aim is to propose the use of the Perkal index to assess the impact of the pandemic on tourism in European countries. Five variables from the UNWTO and Eurostat were used in the research and they concerned thirty European countries. These variables are: data on the percentage change in nights spent at tourist accommodation establishments, percentage change in international tourist arrivals, percentage change in international tourism receipts, percentage change in persons employed in tourism, and percentage change in net occupancy rate of bed-places and bedrooms in hotels and similar accommodation. On the basis of the Perkal index value, it is evident that the crisis of 2020 affected the countries located in the Mediterranean (including Italy and Greece) to a largest extent. On the other hand, the pandemic least influenced the Scandinavian countries, the Baltic countries and those located in the central part of the European continent. The proposed index allows to evaluate changes in a time series system and enables comparative analysis between territorial units. In both international and domestic comparisons, the impact of COVID-19 on tourism assessment index may be a useful analysis tool and is likely to be widely used in the future.


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