Republic of Estonia: Selected Issues
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Summary:
This Selected Issues paper focuses on financing constraints and productivity in Estonia. The paper examines two questions: (1) is there evidence of financing constraints among Estonian firms; and (2) have financing constraints reduced firm-level total factor productivity (TFP)? These questions are particularly important in the current environment, in which credit growth in Estonia has slowed down considerably and firms may face increasing financing constraints that could dampen growth. The paper also provides empirical evidence on the existence of financing constraints among Estonian firms.
Series:
Country Report No. 2009/085
Subject:
Balance of payments Current account Current account balance Current account deficits Foreign exchange Production Productivity Real exchange rates
English
Publication Date:
March 9, 2009
ISBN/ISSN:
9781451812541/1934-7685
Stock No:
1ESTEA2009001
Pages:
34
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