IMF Staff Country Reports

Republic of Estonia: Selected Issues

Publication Date:

November 11, 2004

Electronic Access:

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Summary:

This Selected Issues paper examines developments in Estonia’s expanding net external obligations, as well as in domestic income flows and balance sheets. The paper discusses external current account and net international investment positions. Domestic investment and saving and balance sheet developments for the domestic sectors are covered. The paper makes use of the IMF’s new Global Econometric Model to investigate and quantify the role of market flexibility in Estonia. It also compares the results of simulations made under different assumptions about labor market and goods market flexibility.

Series:

Country Report No. 2004/357

Subject:

Balance of payments Disposable income Foreign direct investment Labor Labor market flexibility Labor markets National accounts Production Productivity