Republic of Estonia : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Estonia

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

January 13, 2017

Electronic Access:

Free Full Text (PDF file size is 1265 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Effectively addressing low productivity growth and risks to competitiveness requires a three-pronged approach: (i) making growth promotion more effective through oversight of programs by a dedicated productivity unit in the Prime Ministry, better calibrating programs to company’s needs, incentivizing take-up, and scaling-up selected programs; (ii) re-anchoring wage developments in fundamentals by moderating government and minimum wage policies and mobilizing additional labor resources for the private sector, including through faster reduction of government employment; and (iii) social security contribution cuts to provide relief from pressures on profitability.

Series:

Country Report No. 17/9

Subject:

English

Publication Date:

January 13, 2017

ISBN/ISSN:

9781475565881/1934-7685

Stock No:

1ESTEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

48

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