OECD economic surveys. Estonia, 2019.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author.

Series:

OECD Economic surveys (Series)

Language:

English

Subjects (All):

Estonia--Economic conditions--Statistics.

Estonia.

Estonia--Economic policy--Statistics.

Physical Description:

1 online resource (119 pages).

Place of Publication:

Paris : OECD Publishing, [2019]

Summary:

Estonia's economy continues to perform well, and growing incomes support well-being. However, the expansion has peaked, and growth is set to soften due to weak international demand. Prudent fiscal policy has resulted in low debt, but spending pressures related to meeting infrastructure needs and ageing are mounting. Old age poverty is high and the proposal to allow early withdrawal of pension funds threatens macroeconomic stability and pension adequacy. The gender wage gap is among the highest in the OECD, and inequalities in income and health are considerable, reflecting gaps in the social sa.

Contents:

Intro

Basic statistics of Estonia, 2018

Executive summary

1 Key Policy Insights

Introduction

A strong economy raises incomes and improves social outcomes

Public finances are in good shape

Pro-cyclicality in fiscal policy should be avoided

Savings should be kept in the second pillar of the pension fund but with higher returns

The revenue and spending structures are relatively growth friendly

The banking sector is well capitalised

Nine wellbeing challenges for the coming decade

The demographic clock is ticking Flexible life-long learning should be based on people's needs

Digital user skills could improve

Boosting adult education and training and increasing business participation

Smart businesses should become new drivers of growth

The ICT sector needs to be strengthened

The right framework conditions, regulations and incentives would spur digitalisation

Access to finance is crucial to fund the digital transition

Infrastructure investment is crucial for future productivity growth

Inequalities have multiple dimensions

Health is a top development need Ensuring safety and security

Keeping a clean natural environment

Smart public governance in cooperation with people

References

2 Seizing the productive potential of digital change

Productivity needs a boost, and digital technologies can help

Better utilising productivity potential of advanced digital technologies

Digital foundations are strong

Broadband infrastructure is of high quality, but under-utilised by companies

E-government and core digital infrastructure excel globally

Security in key digital systems is high, but users should be more aware Estonian companies lag behind peers in the adoption of digital technologies

The ICT sector is dynamic, but has room for improvement

Making the most out of skills

Basic skills form the foundation for the effective use of digital tools

Digital user skills could be improved

Specialised ICT skills are concentrated in a small number of companies

Management skills and high-performing work practices

Automation and changing skill demands pose challenges

Boosting digital dissemination in a market-friendly environment

Regulations are lean, but with some weaknesses Overcoming lack of scale and increasing awareness of digital potential

Easier access to capital would foster productivity growth through digitalisation

Innovation and R&D policies to foster digitalisation

References.

Notes:

Description based on print version record.

Includes bibliographical references.

ISBN:

92-64-18244-6

92-64-53171-8

OCLC:

1225550767