Restructuring the Innovation Capacity of the Business Sector in Estonia: Business Survey Result

Marianne Paasi

The Economics of Transition, 2000, vol. 8, issue 1, 175-195

Abstract: The growth prospects of the Estonian economy depend on transforming the former ‘socialist’ industrial R&D into competitive business‐sector innovation activities, establishing interactions between firms and other research units, and accelerating international diffusion. An additional task, specific for a transition country, is intensive utilization of the inherited human capital. The results of a business survey conducted in Tallinn in the summer of 1996 indicate that favourable restructuring of industrial R&D and the development of new innovation capacities are indeed taking place. The regression models indicate, however, that while the results seem to be mostly successful, some detailed support is needed. Firstly, further qualitative changes seem to be necessary in the state‐owned and privatized electronics firms. And secondly, newly emerging firms need easier access to the capital market and management expertise.

Date: 2000
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