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

Jelena Hartsenko and Ako Sauga

Business and Economic Horizons (BEH), 2013, vol. 09, issue 2, 13

Abstract: 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: Financial; Economics (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:pdcbeh:245066

DOI: 10.22004/ag.econ.245066

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