The role of financial support in SME and economic development in Estonia

• Authors: Jelena Hartšenko , Ako Sauga
• Languages of publication: EN

Abstracts

EN

This paper provides evidence on the links between efficiency and the governmental support for small-medium sized Estonian firms. The analysis is based on the Cobb-Douglas production function using micro level data. To analyse the impact of the financial support we applied a panel data framework. The estimation results confirm our main hypothesis that financial assistance increases productivity of Estonian SMEs, thus contributing the economic development.

Keywords

EN

Subsidies, productivity

• Publisher: Prague Development Center, Czech Republic
• Journal: Business and Economic Horizons
• Year: 2013
• Volume: 9
• Issue: 2
• Pages: 10-22

Dates

published

2013-07-15

Contributors

author

Jelena Hartšenko

author

Ako Sauga

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Identifiers

DOI

http://dx.doi.org/10.15208/beh.2013.6