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Estonia [electronic resource]: Raising Productivity and Benefitting more from Openness / Andreas Kappeler = Estonie : accroître la productivité et tirer davantage parti de l'ouverture de l'économie / Andreas Kappeler

By: Material type: ArticleArticleSeries: OECD Economics Department Working Papers ; no.1215.Publication details: Paris : OECD Publishing, 2015.Description: 28 p. ; 21 x 29.7cmOther title:
  • Estonie accroître la productivité et tirer davantage parti de l'ouverture de l'économie
Subject(s): Online resources: Abstract: Estonia can revitalise productivity growth and reap more benefits from its openness. Productivity is relatively low in manufacturing and in large firms, as the manufacturing sector focuses on low-technology goods exports to only a small number of destinations. The economic impact of the Estonian R&D system still appears to be limited, also because of a lack of knowledge transfer. Building on Estonia's favourable business environment, productivity growth could be raised by promoting smart specialisation and innovation; removing remaining barriers to entrepreneurship and competition; ensuring access to finance for SMEs; upgrading infrastructure; and improving energy efficiency. This Working Paper relates to the 2014 OECD Economic Survey (www.oecd.org/eco/surveys/economic-survey-estonia.htm).
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Estonia can revitalise productivity growth and reap more benefits from its openness. Productivity is relatively low in manufacturing and in large firms, as the manufacturing sector focuses on low-technology goods exports to only a small number of destinations. The economic impact of the Estonian R&D system still appears to be limited, also because of a lack of knowledge transfer. Building on Estonia's favourable business environment, productivity growth could be raised by promoting smart specialisation and innovation; removing remaining barriers to entrepreneurship and competition; ensuring access to finance for SMEs; upgrading infrastructure; and improving energy efficiency. This Working Paper relates to the 2014 OECD Economic Survey (www.oecd.org/eco/surveys/economic-survey-estonia.htm).

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