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Estonia has achieved high growth, but boom/bust cycles need to be mitigated by macroprudential and fiscal policies, and the social costs of volatility reduced by investments in skills and innovation, activation and targeted income support.
Estonia recovered forcefully from the global economic crisis but growth has since slowed, highlighting the need for further reforms that reduce exposure to external shocks and ensure against future boom/bust cycles, according to the OECD’s latest Economic Survey of Estonia.
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Whereas expenditure on education and expenditure per student increased significantly between 2000 and 2009, Estonia has seen the largest drop in education funding since the global recession, compared to other OECD countries.
The objective of senior budget official country reviews is to provide a comprehensive overview of the budget process in the country under examination, to evaluate national experiences in the light of international best practice and to provide specific policy recommendations.
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This review was prepared to assess Estonia's investment policies so as to provide the OECD Council with a formal opinion on the willingness and ability of Estonia to assume the obligations of membership to the OECD in the field of investment.
The OECD's detailed requirements for data and metadata from each of the Candidate Countries (Chile, Estonia, Israel, Russian Federation and Slovenia) are set out in these individual web sites accessible to authorised users in the countries and in the OECD.
People with university degrees have suffered far fewer job losses during the global economic crisis than those who left school without qualifications, according to the latest edition of the OECD’s annual Education at a Glance.
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The 2011 edition of Education at a Glance: OECD Indicators enables countries to see themselves in the light of other countries’ performance.
Since the restoration of independence in 1991, Estonia has met the challenge of establishing a fully functional, stable, and modern state.
The Estonian fiscal position is much better than in many OECD countries, the country stands out for having a rather lean government sector and the authorities are striving for efficient use of existing resources.
- Economic Survey of Estonia 2011