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recession Estonia’s gap in income and productivity levels compared with the EU average was still around 30% and as the country …Estonia has already experienced many benefits of increasing international integration, most obviously in significant … convergence. From the Russian crisis in 1998 to the great recession in 2009 Estonia gained an impressive 20% in GDP per capita …
Persistent link: https://www.econbiz.de/10009146865
municipalities to adopt more growth-oriented economic policies. This working Paper relates to the 2010 Economic Survey of Estonia … (www.oecd.org/eco/surveys/estonia).<P>Efficience des dépenses du secteur public en Estonie : soins de santé et …
Persistent link: https://www.econbiz.de/10009358636
The labour market in Estonia is volatile, increasing the risk that groups with some obstacles to enter the labour …
Persistent link: https://www.econbiz.de/10011276856
The crisis revealed the need for a strategic review of the existing social protection system in Estonia. Extreme income …
Persistent link: https://www.econbiz.de/10011276944
internal devaluation with productivity increasing measures, including capital deepening and laying off low productivity workers … are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies …
Persistent link: https://www.econbiz.de/10011276997
Estonia gave up the exchange rate and monetary policy tools of macroeconomic management when it introduced its currency … country’s policy agenda. However, shocks affecting Estonia are only weakly synchronized with those of the euro area, and the … structure of its economy also notably differs from the euro zone. To benefit fully from joining the EMU, Estonia must strengthen …
Persistent link: https://www.econbiz.de/10008498024
From 2000 to 2007, Estonia was one of the fastest growing emerging market economies. A housing boom, fuelled by capital … board limited the Bank of Estonia’s ability to curb credit growth, while the fiscal policy framework amplified the cycle … tightened lending standards and capital outflows. Estonia is now in a severe recession. To restore high and sustainable growth …
Persistent link: https://www.econbiz.de/10005045713
Adequate and well-functioning infrastructure is a key ingredient to growth and well-being. The benefits to activity of efficient spending in energy, water, transport and communication sectors go well beyond their contribution to capital accumulation. Good infrastructure facilitates trade,...
Persistent link: https://www.econbiz.de/10008872205
This paper uses a simple dynamic stochastic general equilibrium model to explore the qualitative impact of productivity …
Persistent link: https://www.econbiz.de/10008752698
lowering barriers to foreign direct investment in services would also increase competition and enhance productivity growth …
Persistent link: https://www.econbiz.de/10008764006