Advanced Search
MyIDEAS: Login to save this paper or follow this series

Estonia: Making the Most of Globalisation

Contents:

Author Info

  • Robert W.R. Price
  • Andreas Wörgötter

Abstract

Estonia has already experienced many benefits of increasing international integration, most obviously in significant convergence. From the Russian crisis in 1998 to the great recession in 2009 Estonia gained an impressive 20% in GDP per capita relative to the EU27 average in PPPs. Like the other Baltic economies, however, a considerable part of earlier convergence gains was lost in the crisis, the impact of which was aggravated by the collapse of world trade. While this was also true for Ireland, central European countries in the process of catching up, like Czech Republic, Poland and Slovakia, have been less affected by the crisis and have been able to maintain most of their convergence gains. Moreover, prior to the recession Estonia’s gap in income and productivity levels compared with the EU average was still around 30% and as the country emerges from recession it faces major policy challenges to regain its pre-crisis rate of growth potential. A greater focus on closing the productivity gap in the manufacturing-for-export sector compared with other transition countries would serve as a useful and challenging benchmark in order to get more out of globalisation. Estonie : Tirer le meilleur parti de la mondialisation L'Estonie a déjà tiré grand profit du renforcement de son intégration internationale, et notamment des résultats probants obtenus en matière de convergence. Entre la crise russe de 1998 et la profonde récession de 2009, le pays a amélioré de quelque 20% - chiffre impressionnant - sa position relative, en PPA, par rapport au PIB moyen par habitant de l'UE27. Mais comme dans les autres pays baltes, une grande part des gains antérieurs liés à la convergence a fondu avec la crise, elle-même aggravée par l'effondrement du commerce mondial. Si l'Irlande a connu le même sort, des pays d'Europe centrale en plein rattrapage tels que la Pologne, la République tchèque et la République slovaque ont été moins touchés par la crise et ont pu préserver la majeure partie de leurs gains de convergence. Toutefois, l'écart entre les niveaux moyens de revenu et de productivité communautaires et estoniens avoisinait encore 30 % avant la récession ; au moment où l'Estonie sort de la crise, les pouvoirs publics se heurtent donc à des défis de taille pour maintenir le taux de croissance potentielle enregistré avant la récession. Dans la perspective de mieux exploiter la mondialisation, l'accent mis par d'autres pays en transition sur la résorption du déficit de productivité dans le secteur manufacturier exportateur pourra servir de point de repère intéressant.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://dx.doi.org/10.1787/5kg9pkmsmltc-en
Download Restriction: no

Bibliographic Info

Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 876.

as in new window
Length:
Date of creation: 21 Jun 2011
Date of revision:
Handle: RePEc:oec:ecoaaa:876-en

Contact details of provider:
Postal: 2 rue Andre Pascal, 75775 Paris Cedex 16
Phone: 33-(0)-1-45 24 82 00
Fax: 33-(0)-1-45 24 85 00
Email:
Web page: http://www.oecd.org
More information through EDIRC

Related research

Keywords: globalisation; productivity; competition; education; convergence; innovation; FDI; export performance; enterprise; periphery; Estonia; performance à l'exportation; périphérie; IDE; Estonie; innovation; éducation; concurrence; mondialisation; productivité; entreprise; convergence;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Timo Baas, 2014. "Stability and Eurozone membership: Should a small transition country join?," EcoMod2014 6916, EcoMod.
  2. Timo Baas, 2014. "Estonia and the European Monetary Union – Are there Benefi ts from a “Late” Accession?," Ruhr Economic Papers, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen 0489, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
  3. Sandrine LEVASSEUR, 2012. "Labour market adjustments in Estonia during the 2008/2011 crisis," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, Centre for European Studies, Alexandru Ioan Cuza University, vol. 3, pages 123-143, June.
  4. Sandrine Levasseur, 2011. "labour markets adjustments in Estonia during the global crisis," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE) 2011-25, Observatoire Francais des Conjonctures Economiques (OFCE).
  5. Lilas Demmou, 2012. "Matching Skills and Jobs in Estonia," OECD Economics Department Working Papers 1007, OECD Publishing.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:oec:ecoaaa:876-en. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.