Individual Behaviour and Economic Performance: Methodological Challenges and Institutional Context (Horizon 2020 Project No. 952574)
2020-2023 | Project Leader | Financing 900,000 EUR
The project is led by Tallinn University of Technology in collaboration with internationally leading counterparts Aalto University, University of Helsinki and Tel Aviv University, and aims at generating a better understanding of linkages between individual behaviour and economic performance. Behavioural economics has deepened our understanding of various deviations from rationality in economic performance. Economic outcomes of prevalent individual differences in cognitive capacity and neurophysiology as well as in beliefs and preferences warrant further investigation. Moreover, better designed economic policy and institutions, which take into account that people are different and their wellbeing responds differently to any given policy measures, leads to better utilisation of human capital endowment and enhanced economic performance. The project is a joint effort of economics, finance, practical philosophy and neuroscience scholars, where several internationally highly renowned professors work under a comprehensive set of networking and capacity building activities together with established and early stage researchers in a stimulating multidisciplinary setting.
Institutions for Knowledge Intensive Development: Economic and Regulatory Aspects in South-East Asian Transition Economies (Horizon 2020 Grant No. 734712)
2017-2020 | Project Leader | Financing 1,318,500 EUR
Knowledge led economies benefit greatly from positive externalities, both economically and socially. The achievement of knowledge driven growth is particularly challenging for emerging market economies. The project seeks to understand micro level incentives and macro level institutional mechanisms to encourage and facilitate knowledge creation and absorption, with particular focus on transition countries in South-East Asia. We seek to study the mechanisms, regulatory incentives and challenges in transferring knowledge into economic value. Moreover, we aim to identify and outline capable regulatory measures to address market frictions and inefficiencies on the path towards a knowledge economy. The project makes use of frontier empirical research methods, including advanced stochastic frontier analysis and dynamic panel data estimation techniques. The conceptual underpinnings of the project are at the intersection of industrial organisation theories, new institutional economics, development economics, and modern concepts in regulatory efficiency and justice. The project will develop lasting excellence oriented cooperation with South-East Asian universities, and contribute to R&D capacity building based on European academic values. Promoting of the project results through intersectoral knowledge transfer will be an important task. We aim to contribute to social innovation through policy suggestions, and to a paradigm shift regarding the role of institutions in transition processes. The project is a joint effort of Tallinn University of Technology (Estonia) and University of Lausanne (Switzerland) economics and law researchers with transition studies experience from Eastern Europe, and their fellow researchers from the National University of Laos (Laos), Ho Chi Minh City University of Law (Vietnam) and Royal University of Law and Economics (Cambodia) with thorough insight into the institutional context in their societies.
Work Package Leaders: Prof. Aaro Hazak, Prof. Kadri Männasoo, Prof. Tanel Kerikmäe, Associate Prof. Karin Jõeveer, Prof. Karsten Staehr, Prof. Katrin Nyman-Metcalf
Climate Change Mitigation with CCS and CCU Technologies (RiTa Grant No. RITA1/02-20)
2019-2021 | Head of WP4 (Economic Analysis) | Financing 947,370 EUR
Estonia has one of the highest per capita greenhouse gas (GHG) emission rates and carbon-intensity levels in the EU. To decrease GHG emissions sharply, the best options for implementing carbon capture and utilization (CCU) technologies must be identified. The main goal of the project is to assess the suitability of various CCU technologies and develop scenarios for adopting these in the Estonian oil shale industry. Also, environmental effects of the most promising solutions are studied along with the technological and economic capacities for utilizing captured CO2 in other industries. Economic analysis focuses on differences in per unit costs of alternative capturing technologies, their sensitivity to CO2 quota and electricity prices and investment subsidising needs as well as export markets for Estonian captured CO2. The project results in a multifaceted overview of the feasibility of investing in carbon capture infrastructure to help to minimize GHG from the oil shale industry in Estonia.
Towards the Knowledge Economy: Incentives, Regulation and Capital Allocation (PUT315)
2014-2017 | Principal Investigator | Financing 146,000 EUR
The role and intensity of knowledge within an economy remains a key success factor for long-term economic development, increased productivity, competitiveness and socio-economic sustainability. These challenges are particularly important for emerging economies that are yet to catch up frontier knowledge economies. The Project seeks to understand the causes and consequences of the differences in the evolution of knowledge intensity of economies. We aim to identify key micro and macro level incentives for development into a knowledge economy and stimuli for capital allocation into knowledge based investments. Also, we seek to study and outline key channels for efficient regulation that might contribute to knowledge intensification at different levels of an (emerging) economy.
Working Time Arrangement as a Driver of Innovativeness
Pilot study started in 2015
Various programmes and regulations have been implemented to stimulate innovation, while the role of working time arrangements in driving or hindering the knowledge intensification of an economy has however been largely disregarded. We seek to investigate working time arrangement of research and development (R&D) employees and its potential impact on the results of their creative work. The main focus is on the differences between fixed and flexible work time arrangements for creative R&D employees (applied researchers; IT-developers; engineers; product, service or business developers; etc.) with respect to their work results, job satisfaction, tiredness, sleepiness and other characteristics. The international project team combines the competencies of economists and medical scientists.
- Companies’ Viability under Economic Fluctuations and Statutory Regulations
ETF8796 grant project, 2011-2013, Principal Investigator
- Economic Fluctuations in Central and Eastern Europe: Causes, Consequences and Challenges
SF0140059s12 grant project, 2012-2013, Team Member
- Economic Cycles in Central and Eastern European Transition Economies
BF17A grant project, 2010-2012, Team Member
- Evolution of the Subregional Socio-Economic Institutional Model Type
SF0142697As05 grant project, 2005-2009, Team Member