LEADER 04193oam 22011654 450 001 9910162925403321 005 20230810001940.0 010 $a1-4755-6599-2 010 $a1-4755-6601-8 035 $a(CKB)3710000001045050 035 $a(MiAaPQ)EBC4800282 035 $a(IMF)1ESTEA2017002 035 $a(EXLCZ)993710000001045050 100 $a20020129d2017 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aRepublic of Estonia : $eSelected Issues 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2017. 215 $a1 online resource (42 pages) $cillustrations (some color), graphs, tables 225 1 $aIMF Staff Country Reports 311 $a1-4755-6591-7 320 $aIncludes bibliographical references. 330 3 $aThis Selected Issues paper examines the impact of fast unit labor cost (ULC) growth in Estonia. ULCs in Estonia have now reached a level at which further unmitigated wage growth risks material damage to competitiveness and income convergence prospects with western Europe. This highlights the importance of making Estonia?s pro-productivity policies a success, but in the nearer term the onus is on mitigating excessive wage growth because in this area, Estonia, together with the other Baltics, distinguishes itself from the rest of central and eastern Europe. Tax policy can provide short-term relief. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2017/010 606 $aLabor productivity$zEstonia 606 $aLabor productivity 606 $aFinance: General$2imf 606 $aLabor$2imf 606 $aMacroeconomics$2imf 606 $aIndustries: Manufacturing$2imf 606 $aProduction and Operations Management$2imf 606 $aMacroeconomics: Production$2imf 606 $aWages, Compensation, and Labor Costs: General$2imf 606 $aProduction$2imf 606 $aCost$2imf 606 $aCapital and Total Factor Productivity$2imf 606 $aCapacity$2imf 606 $aEmployment$2imf 606 $aUnemployment$2imf 606 $aWages$2imf 606 $aIntergenerational Income Distribution$2imf 606 $aAggregate Human Capital$2imf 606 $aAggregate Labor Productivity$2imf 606 $aHuman Capital$2imf 606 $aSkills$2imf 606 $aOccupational Choice$2imf 606 $aLabor Productivity$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aFinance$2imf 606 $aManufacturing industries$2imf 606 $aProductivity$2imf 606 $aTotal factor productivity$2imf 606 $aLabor productivity$2imf 606 $aIndustrial productivity$2imf 606 $aEconomic theory$2imf 606 $aCompetition$2imf 607 $aEstonia, Republic of$2imf 615 0$aLabor productivity 615 0$aLabor productivity. 615 7$aFinance: General 615 7$aLabor 615 7$aMacroeconomics 615 7$aIndustries: Manufacturing 615 7$aProduction and Operations Management 615 7$aMacroeconomics: Production 615 7$aWages, Compensation, and Labor Costs: General 615 7$aProduction 615 7$aCost 615 7$aCapital and Total Factor Productivity 615 7$aCapacity 615 7$aEmployment 615 7$aUnemployment 615 7$aWages 615 7$aIntergenerational Income Distribution 615 7$aAggregate Human Capital 615 7$aAggregate Labor Productivity 615 7$aHuman Capital 615 7$aSkills 615 7$aOccupational Choice 615 7$aLabor Productivity 615 7$aLabour 615 7$aincome economics 615 7$aFinance 615 7$aManufacturing industries 615 7$aProductivity 615 7$aTotal factor productivity 615 7$aLabor productivity 615 7$aIndustrial productivity 615 7$aEconomic theory 615 7$aCompetition 676 $a330.957085 801 0$bDcWaIMF 906 $aBOOK 912 $a9910162925403321 996 $aRepublic of Estonia$93418902 997 $aUNINA