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

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:
Issue Date:
2013-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/245066
Published in:
Volume 09, Issue 2
Business and Economic Horizons
Total Pages:
13
JEL Codes:
Subsidies; productivity




 Record created 2017-04-01, last modified 2017-08-22

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