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Varieties of capitalism and the Estonian economy: Institutions, growth and crisis in a liberal market economy

Magnus Feldmann
- 01 Dec 2013 - 
- Vol. 46, Iss: 4, pp 493-501
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TLDR
In this paper, the authors examine Estonia's economic institutions, performance and vulnerability to the global economic crisis in the context of the varieties of capitalism framework and show that Estonia shares many characteristics of a liberal market economy, but that there are also some features which do not fit the classical model.
Abstract
This article examines Estonia's economic institutions, performance and vulnerability to the global economic crisis in the context of the varieties of capitalism framework. It shows that Estonia shares many characteristics of a liberal market economy, but that there are also some features which do not fit the classical model, notably its corporate governance institutions. It also suggests that the varieties of capitalism framework can account for key features of Estonia's economic performance, including its growth trajectory and adjustment to the global financial crisis. The article also reflects on the broader significance of these findings for understanding post-communist capitalism.

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E-government and moral citizenship: the case of Estonia

TL;DR: In this article, the authors present a theoretical perspective that stresses the tight relationship between knowledge and power in a power-knowledge regime characterized by centralization in e-government, which is the condition for a firm national e-Government policy, and within this policy, an image of the unique Estonian citizenry is produced.
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Crisis and opportunity: varieties of capitalism and varieties of crisis responses in Estonia and Slovenia

TL;DR: The authors analyzed how these distinctive institutional configurations have shaped the two countries' responses to the global economic crisis beginning in 2007-2008 and identified lessons from this experience for the future prospects for corporatism and tripartism.
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What's Left of the Left: Democrats and Social Democrats in Challenging Times

TL;DR: Cronin, George Ross, and James Shoch as mentioned in this paper, ed., What's Left of the Left: Democrats and Social Democrats in Challenging Times (Durham, NC and London: Duke University Press, 2011).
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Jingle bells and struggling GIPS: Comparing the Baltic and the southern euro zone’s crisis experience using the varieties of capitalism framework

TL;DR: In this article, the authors compare the experience of the Baltic countries and the eurozone's southern members, the GIPS (Greece, Italy, Portugal, Spain), in terms of the run-up to the Great Recession and eurozone crisis, responses during the downturn, and the subsequent recovery (or lack thereof).
References
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Journal Article

Varieties of capitalism: the institutional foundations of comparative advantage

TL;DR: In this paper, the authors highlight the role of business in national economies and show that there is more than one path to economic success, and explain national differences in social and economic policy.
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Varieties of Capitalism and Institutional Complementarities in the Political Economy: An Empirical Analysis

TL;DR: This paper provided a statistical analysis of core contentions of the "varieties of capitalism" perspective on comparative capitalism and constructed indices to assess whether patterns of co-ordination in the OECD economies conform to the predictions of the theory and compared the correspondence of institutions across subspheres of the political economy.
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Why Doesn't the United States Have a European-Style Welfare State?

TL;DR: In this paper, the authors consider economic, political, and behavioral explanations for the differences between the United States and Europe and conclude that most of these theories cannot explain the observed differences.
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