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1999 | nr 10 Proceedings of the Ace/Phare Conference on Building Financial Institutions in Transition Economies, Poznań, Poland, 14-15 May, 1999 | 72--79
Tytuł artykułu

Recent Developments in the Financing and Investment Policy of Estonian

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This paper describes Estonia's investment environment and its development during the last four years, savings and investments which resource-wise create a basis for economic growth. In addition, problems hindering entrepreneurship and economic growth according to entrepreneurs' opinions are discussed. The data used are based on the publications of the Estonian Statistical Office, on the financial reports of different enterprises, and on the interview study by the Estonian research group, conducted from 1993 and to be completed in 1999. The authors are members of the research group and have participated in the interviews, as well as in the analysis and summarizing of the results. Several statistical systems describe economics on the macroeconomical level. The most general of them is the System of National Accounts (SNA). The priority of the SNA is estimating of development of economy in the economic territory of the country. The final result of production activity of resident producers is represented by gross domestic product (GDP). GDP could be compiled through three different methods: production approach, income approach and expenditure approach method. We use expenditure approach in this paper. (original abstract)
  • Tallinn University of Technology, Estonia
  • Tallinn University of Technology, Estonia
  • Gross domestic product of Estonia Statistica Office of Estonia (SOE) 2/98.
  • 1996 Annual reports of Estonian firms.
  • Estonian Statistics 1998. Monthly No 11(83).
  • Investments to Fixed Assets in 1996. SOE, Tallinn, 1998.
  • Investments to Fixed Assets in 1997. SOE , Tallinn, 1999.
  • Financial key ratios 1997. Statistical Office of Estonia. Tallinn, 1999.
  • 1999 Project of Budget Bill of Estonia. Ministry of Finance. 1998.
  • Aita Tammeraid, Asta Teearu and Velio Vensel. Development of the Financial Contractual Relationships: Empirical Results of the Year 1997 Interview Study. Papers of the Conference on Economic Performance and Financial Sector. Reform in Central and Eastern Europe. TTUWPE(BFE) Volume 1 No 98/12- 98/23.
  • Aita Tammeraid and Asta Teearu. Development of Financial Contractual Relationships and Investment Policy of Estonian Firms. Working papers in Economics (TTUWPE). Volume 2 No 98/24-98/32.
  • Tammeraid, A. Investments in Estonian enterprises. Materials of TTU May
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