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Assessing the Risk of Private Sector Debt Overhang in the Baltic Countries

Herzberg, Valerie - 2010

Between 2000 and 2007 nonfinancial private sector credit expanded rapidly in the Baltic countries, resulting in a non-negligible build-up of debt. Could this legacy debt hold back the economic recovery of the region? This paper analyzes the setting in each of the three countries and, with the...

Persistent link: https://www.econbiz.de/10014402659

Private sector job creation in MENA : prioritizing the reform agenda

Baduel, Bénédicte; Geginat, Carolin; Pierre, Gaëlle - 2019

This paper examines the extent to which firms in selected MENA countries reported being constrained by the business environment around the time of the Arab Spring and the extent to which these constraints affected their employment performance. The results suggest that small firms in MENA faced...

Persistent link: https://www.econbiz.de/10012103780

Global value chains and productivity : micro evidence from Estonia

Banh, Hang T.; Wingender, Philippe; Gueye, Cheikh - 2020

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

On the Fast Track to EU Accession : Macroeconomic Effects and Policy Challenges for Estonia

Taube, Günther - 1999

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

Globalization Drives Strategic Product Switching

Moreno Badia, Marialuz - 2008

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

Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09

Purfield, Catriona - 2010

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

The Estonian Currency Board : Its Introduction and Role in the Early Success of Estonia's Transition to a Market Economy

Sutt, Andres - 2002

, 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

Explaining the shadow economy in Europe : size, causes and policy options

Kelmanson, Ben; Kirabaeva, Koralai; Medina, Leandro; … - 2019

This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern...

Persistent link: https://www.econbiz.de/10012155041

Hidden treasures : the impact of automatic exchange of information on cross-border tax evasion

Beer, Sebastian; Coelho, Maria; Leduc, Sébastien - 2019

We analyze the impact of exchange of information in tax matters in reducing international tax evasion between 1995 and 2018. Based on bilateral deposit data for 39 reporting countries and more than 200 counterparty jurisdictions, we find that recent automatic exchange of information frameworks...

Persistent link: https://www.econbiz.de/10012155105

Shadow economies around the World : what did we learn over the last 20 years?

Medina, Leandro; Schneider, Friedrich - 2018

We undertake an extended discussion of the latest developments about the existing and new estimation methods of the shadow economy. New results on the shadow economy for 158 countries all over the world are presented over 1991 to 2015. Strengths and weaknesses of these methods are assessed and a...

Persistent link: https://www.econbiz.de/10011799256