Showing 1 - 10 of 1,319
This paper conducts the first empirical study of the bank balance sheet channel using data on discouraged and informally rejected firms in addition to information on the formal loan granting process. I take advantage of a unique survey data on the credit experience of firms in 8 economies that...
Persistent link: https://www.econbiz.de/10013075926
an effect on the output volatility of firms. We use large representative firm-level databases from Estonia, Hungary …
Persistent link: https://www.econbiz.de/10012992414
-in-differences approach is used and the control group for the treatment country, Estonia, is built from 12 euro area countries. The Nielsen …
Persistent link: https://www.econbiz.de/10013315581
, Poland, and a small open economy with increased flexibility, Estonia, we document and find support for our claim … and persistent unemployment compared to Estonia during the period of EU enlargement …
Persistent link: https://www.econbiz.de/10013318030
participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the … are important to raise aggregate productivity and potential growth in Estonia …
Persistent link: https://www.econbiz.de/10012252668
The paper traces the Baltics’ adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita income levels back to 2005/06 levels. In response to this shock, the Baltics...
Persistent link: https://www.econbiz.de/10014397545
, 1992, Estonia became the first country from the former Soviet Union to abandon the Russian ruble and introduce its own … assesses the economic impact of the reform and also compares Estonia''s experience with that of its Baltic neighbors. It … concludes that although the currency board arrangement made an important contribution to the early success of Estonia …
Persistent link: https://www.econbiz.de/10014399419
This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU …-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are … Estonia’s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand …
Persistent link: https://www.econbiz.de/10014400750
Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm …
Persistent link: https://www.econbiz.de/10014401739
-level productivity, focusing on the case of Estonia. We contribute to the literature in two important respects: (i) we look explicitly at …
Persistent link: https://www.econbiz.de/10014402569