European Parliament Library

Republic of Estonia :, Selected Issues

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
Table Of Contents
Cover; Contents; A1. Industry Classification; I. Financing Constraints and Productivity in Estonia; A. Introduction; Figures; 1. Contribution to Private Sector Credit Growth, 2000:Q4-2008:Q1; B. Data; 2. Contributions to Corporate Credit Growth by Industry; C. Are There Signs of Financing Constraints?; 3. Labor Productivity; D. Have Financing Constraints Reduced Firm-Level TFP?; 4. Mean Financing Constraints by Industry, 1998-2005; E. Conclusions; Tables; 1. Summary Statistics; 2. Determinants of Financing Constraints; 3. Magnitude and Distribution of Financing Constraints by Sector
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (35 p.)
Specific Material Designation
Form Of Item

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