Firm Demographics and Productivity Dynamics in Estonia PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Firm Demographics and Productivity Dynamics in Estonia PDF full book. Access full book title Firm Demographics and Productivity Dynamics in Estonia by Jaan Masso. Download full books in PDF and EPUB format.
Author: Jaan Masso
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 68
Get Book Here
Book Description
Author: Jaan Masso
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 68
Get Book Here
Book Description
Author: Jaan Masso
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Priit Vahter
Publisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages : 50
Get Book Here
Book Description
Author: Marialuz Moreno Badia
Publisher: International Monetary Fund
ISBN: 1451872194
Category : Business & Economics
Languages : en
Pages : 41
Get Book Here
Book Description
The global financial crisis has reopened the debate on the potential spillover effects from the financial sector to the real economy. This paper adds to that debate by providing new evidence on the link between finance and firm-level productivity, focusing on the case of Estonia. We contribute to the literature in two important respects: (i) we look explicitly at the role of financial constraints; and (ii) we develop a methodology that corrects for the misspecification problems of previous studies. Our results indicate that young and highly indebted firms tend to be more financially constrained. Overall, a large number of firms shows some degree of financial constraints, with firms in the primary sector being the most constrained. More importantly, we find that financial constraints do not lower productivity for most sectors.
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498377556
Category : Business & Economics
Languages : en
Pages : 53
Get Book Here
Book Description
This Selected Issues paper analyzes income convergence and medium-term growth potential for Estonia. Estonia’s potential growth is projected to average some 3 percent over the next five years and 2.75 percent over the next two decades, implying continued income convergence with European Union levels, albeit at only half its historical pace. A number of policy enhancements could lift growth above this central projection. These include a greater operational policy focus on raising productivity growth, scaling up a number of envisaged pro-growth programs, supporting the upgrading of traditional industries as a second leg of innovation policy, and fully restoring Estonia’s high investment.
Author: Elias G. Carayannis
Publisher: Springer Science & Business Media
ISBN: 1461415489
Category : Business & Economics
Languages : en
Pages : 415
Get Book Here
Book Description
In several parts of the world, countries are undergoing economic, social, and political transitions, enhanced and accelerated by the forces of globalization. These transition economies can serve as laboratories for understanding the innovation process. This volume features original theoretical and empirical research. It offers the first comprehensive view of innovation system development in the context of small catching-up economies. Smallness, path dependency, and latecomer status of such economies create some inherent limitations for their innovation systems, but these special characteristics can offer advantages as well. For example, smallness is often related with increased flexibility and shorter reaction times, while latecomers can benefit from earlier experiences of their more advanced neighbors. Path-dependency highlights the fact that the innovation system development processes are considerably influenced by the past experience of a particular country or region. By incorporating these features into an integrated analysis, the authors address such questions as: · What special features characterize the innovation system development in small catching-up economies? · What are the causes for innovation success or failure? · How do organizational capabilities and internationalization tendencies relate to company level innovations? · What is the role of human capital and social factors in the innovation process? · How can various policies support innovation in an integrated manner? Drawing from research about Europe, Asia, and Latin America, the authors provide readers with a systemic view of the innovation system development in small catching-up economies. They discuss the unique features of this development and contribute to an in-depth understanding of various determinants and their impacts on the innovation process. The policy implications will offer a set of normative guidelines for enhancing innovation system development.
Author: Hang T. Banh
Publisher: International Monetary Fund
ISBN: 1513542303
Category : Business & Economics
Languages : en
Pages : 41
Get Book Here
Book Description
The COVID-19 pandemic has led to an unprecedented collapse in global economic activity and trade. The crisis has also highlighted the role played by global value chains (GVC), with countries facing shortages of components vital to everything from health systems to everyday household goods. Despite the vulnerabilities associated with increased interconnectedness, GVCs have also contributed to increasing productivity and long-term growth. We explore empirically the impact of GVC participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the industry level significantly boosts productivity at both the industry and the firm level. Frontier firms, large firms, and exporting firms also benefit more from GVC participation than non-frontier firms, small firms, and non-exporting firms. We also find that GVC participation of downstream industries has a negative correlation with productivity. Frontier firms and large firms benefit more from GVC participation of upstream industries, while non-frontier firms and small firms benefit more from GVC participation of downstream industries. Our results suggest that policies designed to promote participation in GVCs are important to raise aggregate productivity and potential growth in Estonia.
Author: Timothy Dunne
Publisher: University of Chicago Press
ISBN: 0226172570
Category : Business & Economics
Languages : en
Pages : 623
Get Book Here
Book Description
The Census Bureau has recently begun releasing official statistics that measure the movements of firms in and out of business and workers in and out of jobs. The economic analyses in Producer Dynamics exploit this newly available data on establishments, firms, and workers, to address issues in industrial organization, labor, growth, macroeconomics, and international trade. This innovative volume brings together a group of renowned economists to probe topics such as firm dynamics across countries; patterns of employment dynamics; firm dynamics in nonmanufacturing industries such as retail, health services, and agriculture; employer-employee turnover from matched worker/firm data sets; and turnover in international markets. Producer Dynamics will serve as an invaluable reference to economists and policy makers seeking to understand the links between firms and workers, and the sources of economic dynamics, in the age of globalization.
Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451812541
Category :
Languages : en
Pages : 32
Get Book Here
Book Description
1. Economic convergence in Estonia has been accompanied by financial deepening and a fast expansion of private sector credit (Figure 1). Since 2000, real private sector credit has increased by an average of 281/2 percent a year. As a result, the private sector credit-to-GDP ratio, at 103 percent in 2007, is only slightly below the average for the euro area. This rapid expansion reflects a variety of factors, including initially low levels of financial development; pent-up demand pressures following decades of socialist management; good macroeconomic policies and accession to the European Union (EU), which have helped lower the risk premium; and improved access to foreign capital through the entry of foreign banks.
Author:
Publisher: World Bank Publications
ISBN: 0821372807
Category : Business & Economics
Languages : en
Pages : 301
Get Book Here
Book Description
Over the past few years, the countries of Eastern Europe and the Former Soviet Union have seen rapid productivity growth that has driven up living standards and reduced poverty. Unleashing Prosperity examines the microfoundations of the recent growth. The report shows that these countries have enjoyed substantial productivity gains from the reallocation of labor and capital to more productive sectors and firms, from the entry of new firms and the exit of obsolete firms, and from the more efficient use of resources. Unleashing Prosperity also illustrates that policy reforms that promote governance and macroeconomic stability, market competition, infrastructure quality, financial deepening, labor market flexibility, and skill upgrading are important in achieving higher productivity growth. However, significant challenges remain in sustaining productivity growth. The report argues that for the early reformers (most of the 10 new members of the European Union, plus Turkey), policy reforms aimed at improving the ability of firms to innovate and compete in global markets are a main concern. By contrast, for the late reformers (most of Southeastern Europe and the Commonwealth of Independent States), policy reforms aimed at addressing the legacy of transition continue to be a top priority. Unleashing Prosperity shows why microeconomic reforms deserve more attention. It is a must-read for policy makers, government officials, researchers, and economists who are interested in furthering growth and prosperity in the region.
