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Table of contents; Basic statistics of Estonia, 2013; Executive summary; Main findings; Key recommendations; Assessment and recommendations; Domestic framework conditions are favourable but reforms are needed to accelerate convergence; Figure 1. GDP per capita and real household income1 by income qu...

Figure 6. Migration and population trendsFigure 7. Export performance and competitiveness; Domestic financial risks are low; Table 1. Macroeconomic indicators and projections; Figure 8. Financial indicators; The fiscal position is strong; Recommendations on fiscal policy; Raising productivity and be...

Recommendations to lower CO2 emissions and energy consumptionMaking the most of human capital; Figure 12. Labour tax wedges; Figure 13. Vacancies by skill level; Table 2. Tax revenue composition, 2011; Figure 14. Pension funds' operating expenses as a share of assets under management; Figure 15. Hig...

Improve labour market performanceMake the education system more efficient; Make health care more efficient; Enhance public sector efficiency; Make the most of globalisation; Stability of the financial sector; Climate change mitigation and green growth; Thematic chapters; Chapter 1. Raising productiv...

Openness and high value added foreign direct investment boost productivity and innovationFigure 1.4. Foreign direct investment inflows by sector; Reaping more benefits from innovation; Figure 1.5. R&D spending; Box 1.1. Smart specialisation and its implementation in Estonia; Figure 1.6. Level of pub...

Ensuring access to finance for SMEs