Annual Conference of Estonian Economic Association (EMS) 2024

You are invited to participate in the 19th annual conference of the Estonian Economic Association to be held in Pühajärve Spa & Holiday Resort on 25.-26.01.2024.

The topic of the conference is globalization vs. deglobalization. The keynote speech will be given by one of the world's best-known researchers of cultural differences, prof. Michael Minkov. He will talk about whether globalization is making cultures in different countries more and more similar or polarization is taking place instead? In the podium discussion, Peeter Koppel, Mihkel Nestor, Raivo Vare, Urmas Varblane will discuss whether deglobalization is inevitable. The discussion will be moderated by Raul Eamets. The working languages of the conference are Estonian and English.

Link to the event in Estonian


Thursday, 25.01:

11.00-11.30 Arrival, coffee break, putting up posters (see the list below)

11.30-11.45 Opening words (Room 1)

11.45-13.00 Keynote presentation (Room 1) Is globalization making cultures in different countries more and more similar or is polarization taking place instead? Michael Minkov, Varna University of Management, Tartu Ülikool

13.00-14.00 Lunch

14.00-15.30 Presentations in three sessions


Room 1:

Sirje Ustav: Global Entrepreneurship Monitor – Estonia tulemustest

Gaygysyz Ashyrov, Niveditha Prabakaran Pankova: Unveiling shadows in the dark: Revisiting corruption and economic growth

Garri Raagmaa: Manors as rural development drivers


Room 2:

Denis Ivanov, Gaygysyz Ashyrov: Wealth Inequality and Mega Events

Magnus Piirits, Orsolya Soosaar; Karsten Staehr: Gender Effects in Voluntary Pension Investment. Evidence from Estonian Population Data

Jaan Masso, Jaanika Meriküll, Liis Roosaar, Kärt Rõigas, Tiiu Paas: Gender wage gap in the University of Tartu


Room 3:

Emre Güven, Renee Pesor: Exploring the Effects of ESG Scores and Carbon Emissions on Abnormal Stock Returns: A Two-Step Approach with Random Forest and Panel Regressions

Aleksandra Kekkonen, Marge Täks, Renee Pesor, Andreas Viespak: Green Transition in Estonia: Entrepreneurial Perspectives and Policy Recommendations

Renee Pesor: The ESG Catalyst Theory: How the Mere Presence of Firms’ ESG Scores from Refinitiv Relates to Financial Performance


15.30-16.00 Coffee break

16.00-16.45 Overview of the Estonian economy (Room 1) Rasmus Kattai, Eesti Pank

16.45-17.30 Overview of the activities of member organizations (Room 1)

17.30-18.00 General meeting of EMS (Room 1)

18.00-20.00 Leisure time

20.00-21.30 Dinner


Friday, 26.01:

7.30-9.15 Breakfast, check-out

9.15-10.45 Presentations in three sessions


Room 1:

Tarmo Koppel: AI's transformative impact on globalization

Ravi Kashyap: A Tale of Two Currencies: Cash and Crypto

Peeter Müürsepp: Globaliseerumine vs regionaliseerumine


Room 2:

Mari Kooskora, Annika Arras: Estonian top-level executives’ attitudes towards sustainability and corporate responsibility

Kristel Pinn: Group Coaching: Fostering the Enhancement of Soft Skills Among Employees

Tiit Elenurm: Cross-cultural challenges in online team projects


10.45-11.15 Coffee break, discussion of poster presentations 

11.15-12.45 Presentations in two sessions


Room 1:

Anneli Kaasa: Which Cultural Models/Dimensions Do the Best Job in Explaining Various Economic Phenomena?

Simona Ferraro, Triin Lauri, Kaire Põder: Inclusive education in Soviet-inherited exclusive schools system: How to evaluate the efficiency of schools?

Kaire Põder: Family Background Effects on Civil Knowledge and Why We Should Care About It?


Room 2:

Dmitry Kulikov, Alari Paulus: Propagation of shocks through the Estonian production network: empirical network characteristics

Eva Branten: Income expectations, risk attitudes and household borrowing decisions

Kaido Kepp, Kadri Männasoo: Does it pay to pay attention? Estimating sources of consumer inertia in the car insurance market


12.45-13.00 Coffee break

13.00-14.00 Podium discussion (Room 1) Kas deglobaliseerumine on tupiktee? Peeter Koppel, Mihkel Nestor, Raivo Vare, Urmas Varblane, moderated by Raul Eamets

14.00-15.00 Lunch

15.15 Buses back to Tallinn and Tartu


Poster presentations:

Luca Alfieri, Ilaria Mariotti, Federica Rossi: The Twin Transition and Flexible Work Arrangements: A Systematic Literature Review

Vladislav Fjodorov, Merike Kukk, Aaro Hazak: The role of mental health in houldeholds' reaction to price changes

Miina Hõbenael, Kadri Männasoo, Aaro Hazak: Mental Health and Labour Market Transitions

Tairi Leis: The role of emotions in network failures

Toghrul Pashabayli: Breaking Barriers: Institutional Forces Shaping Circular Economy Adoption in Estonia and Azerbaijan

Karl Erik Õim: Exploring Failures in International Entrepreneurship


You are invited to submit your abstract for an oral presentation from all economics and business administration sub-fields. Presentations on the conference theme will be particularly encouraged. The working languages of the conference are Estonian and English.

The poster session for PhD students will be organized. PhD students have an opportunity to get the poster presentation experience and collect feedback from conference participants. Students of UT can also get a credit for the PhD seminar.

The deadline for sending the 300 words abstract of the planned presentation or poster session is December 4, 2023. The proposals can be submitted here.  

The conference registration deadline is January 5, 2023.  

  • Participation fee with accommodation in a double/twin room - 190 euros.
  • Participation fee with accommodation in a single room  - 240 euros.
  • Participation fee without accommodation - 150 euros.

We kindly ask the doctoral students to decide on accommodation in a twin room with the discounted participation fee. 

The participation fee includes accommodation, meals, visit to the SPA, and transport to Pühajärve and back.

Register here


On 25th of January the buses depart towards Pühajärve from

  • TalTech, Ehitajate tee 5 at 7.45;
  • EBS, Lauteri 3 at 8.15;
  • Maaülikool, Kreutzwaldi 1A at 9.30;
  • Delta, Narva mnt 18 at 9.45.

On 26th of January the buses to Tartu and Tallinn depart at 15.15. 

Anneli Kaasa
Conference contact person
Anneli Kaasa
Conference contact person
EMS 2023 logod
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Martin Haamer and Hanna Britt Soots among winners of “Science in 3 Minutes” competition

Diana Gabrielyan

Diana Gabrielyan will defend her doctoral thesis „Essays on Inflation, Expectations and Central Bank Communication“


Monitoring of the just transition processes in Ida-Viru County has started