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, agriculture is less labour intensive than both services and industry, but capital intensity is similar in the three sectors … roughly the same--0.3%--in agriculture and manufactures over the period 1971-91. …
Persistent link: https://www.econbiz.de/10005413260
Some economists, who favoured free trade, had predicted that world prices would rise after UR agreement and with establishment of WTO, but the factual position is quite different. Since 1995, world whole sale prices of commodities are falling at the rate ranging 1 to 17%. Secondly Indian...
Persistent link: https://www.econbiz.de/10005119291
candidate countries. It aims to describe the ICT manufacturing and software industry in Estonia and also throw light on how this …
Persistent link: https://www.econbiz.de/10005550990
Estonia has had a currency board arrangement (CBA) for more than 10 years. Due to the successful performance of the … Estonian economy under a CBA the current position of the Bank of Estonia is to maintain its exchange rate regime until full … participation in the EMU, inter alia, during Estonia’s participation in ERM 2. Therefore, it is necessary to analyse the reasons for …
Persistent link: https://www.econbiz.de/10005561193
Estonia is one of the most rapidly developing information societies in Central and Eastern Europe. Still, 61% of the … PRAXIS Center for Policy Studies from January to July 2002. The research was commissioned and financed by the Open Estonia … Foundation, the Look@World Foundation and the State Chancellery of the Republic of Estonia. It was co-financed by the …
Persistent link: https://www.econbiz.de/10005407742
This paper analyses the long-run effects of Estonia’s 2000 Income Tax Act with a dynamic general equilibrium model …
Persistent link: https://www.econbiz.de/10005412671
the view that efficiency considerations drive ownership changes (while earlier analysis for Estonia and for many other …
Persistent link: https://www.econbiz.de/10005412700
The monetary system in Estonia is based on the currency board arrangement with German Mark. The strong commitments and … rule-based features of currency board imply that there is no active monetary policy in Estonia – all necessarily monetary …
Persistent link: https://www.econbiz.de/10005076744
In a framework similar to the models of expectation on economic policy, we purpose a model where the government subsidizes firms privatized by massive giveaways to the managers who are empire- builders. The government injects funds because its aim is to avoid a drastic fall of output when a...
Persistent link: https://www.econbiz.de/10005556046
A variety of proposals for creating more competition within the railroad sector and in the broader freight transport sector are under consideration in countries throughout the world. Brazil, though something of a latecomer to wider infrastructure reform, has recently taken large steps in...
Persistent link: https://www.econbiz.de/10005556074