1/1999 Urmas Sepp. Factors of trade-deficit convergence in Estonia: Analysis based on propensity to import

Working Papers of Eesti Pank. No 1, 1999

The present paper is a sequel of Export-Led Growth with Its Trade-Balance Effect in Estonia (the paper for the 45th International Atlantic Economic Conference, session “Economics of Transition to Market Economies”, Rome, March 16-21, 1998) and Export Growth and Trade Balance in Estonia (the paper for the 4th Conference on Financial Sector Reform in Central and Eastern Europe, Tallinn, April 24-26, 1998; published in Working papers in Economics. Tallinn Technical University, No 98/20).

The author is grateful to Rasmus Pikkani and Mari Rell for their assistance in empirical work.