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): International Competitiveness and Organizational Change Drivers Anticipated by Estonian Managers in the Context of European Integration . Baltic Journal of Management , 2 ( 3 ): 305 – 318

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, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia to the European Union . EIPA Working Paper , 03/W/03. Maastricht University, European Institute for Public Administration

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expenditure as a percentage of GDP) identified five countries as the efficiency leaders: these include two states with the Bismarckian healthcare system (Estonia and the Czech Republic) and three with the Beveridgean systems (Israel, Korea and Iceland). The

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. Reinert , E. S. – Kattel , R. ( 2007 ): European Eastern Enlargement as Europe’s Attempted Economic Suicide? The Other Canon Foundation (Norway) and Tallinn University of Technology (Estonia) Working Papers in Technology Governance and Economic

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in Investment. Panel Data Results From Estonia, 1995–1999 . Acta Oeconomica , 54 ( 4 ): 425 – 449 . Misztal , P. ( 2012 ): Bezposrednie inwestycje zagraniczne jako

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.1 42.5 Azerbaijan 43.8 11.1 45.1 Bulgaria 19.5 41.1 39.3 B&H 19.2 35.7 45.1 Belarus 12.3 31.9 55.8 China 59.7 21.6 18.7 Czechia 7.9 44.0 48.1 Estonia 19.3 37.0 43.7 Georgia 49.8 10.4 39.9 Croatia 20.6 29.9 49.5 Hungary 11.4 33.3 55.3 Kazakhstan 37.7 16

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Acta Oeconomica
Authors: Jorge de Andrés-Sánchez, Ángel Belzunegui-Eraso, and Francesc Valls-Fonayet

.930 26 0.669 25 0.665 26 Czech Republic 14 18 0.972 2 0.974 2 0.784 12 0.761 18 Denmark 8 2 0.952 9 0.957 9 0.839 7 0.892 3 Germany 15 17 0.941 16 0.944 17 0.664 26 0.686 25 Estonia 28 22 0.924 28 0.929 27 0.754 19 0.760 19 Ireland 2 1 0.962 3 0.965 3 1

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fact is that many smaller economies like Slovakia, Estonia, the Czech Republic and Luxemburg are attracting disproportionally large number of investment projects in ABS. The second macroeconomic factor – GDP per capita – being a rough measure of the

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Acta Oeconomica
Authors: Mirjana Gligorić Matić, Biljana Jovanović Gavrilović, and Nenad Stanišić

Cyprus 31 Greece 49 Eastern Europe Global LPI rank Slovenia 21 Czech R. 26 Estonia 27 Poland 32 Slovakia 35 Latvia 37 Lithuania 41 Croatia 43 Hungary 45 Romania 46 Bulgaria 51 North Macedonia 56 Serbia 58 Montenegro 65 Albania 75 Source : Authors

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) to more than 90% (Albania, Croatia, Czech Republic, Estonia, Lithuania, and Romania). In contrast, the share of foreign-owned banks was approximately 20% in Western Europe. The different scales of foreign ownership between the CESEE and Western

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