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Republic of Estonia: Selected Issues

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2009. "Republic of Estonia: Selected Issues," IMF Staff Country Reports 2009/085, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/085
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