2013
DOI: 10.1080/09668136.2013.779456
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The Baltic Republics and the Crisis of 2008–2011

Abstract: This essay explores how the Baltic republics responded to the crisis of 2008-2011.We argue that while there are significant differences in how the Baltic economies responded to the crisis, these responses not only remain within the neo-liberal policy paradigm characteristic of the region from the early 1990s, but that the crisis radicalised Baltic economies and particularly their fiscal stance. We show that there are a number of unique features in all three Baltic republics' political economies that made such … Show more

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Cited by 102 publications
(84 citation statements)
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“…In addition, the last decade of public sector reforms has been implemented under the radical austerity conditions (Kattel and Raudla 2013) that has provided additional strong impetus for technology-intensive reforms. Thus, we aim to test our framework in a highly supportive digital environment where one would expect to see rapid evolution of technological capacities across the public sector.…”
Section: Introductionmentioning
confidence: 99%
“…In addition, the last decade of public sector reforms has been implemented under the radical austerity conditions (Kattel and Raudla 2013) that has provided additional strong impetus for technology-intensive reforms. Thus, we aim to test our framework in a highly supportive digital environment where one would expect to see rapid evolution of technological capacities across the public sector.…”
Section: Introductionmentioning
confidence: 99%
“…Knibbe (2011), Kajaks (2013 or Kattel and Raudla (2013). Before the crisis the Baltic countries were among the fastest-growing economies in Europe (Latvia grew by 12% annually in 2006, Lithuania 8% and Estonia by 10%), but when the crisis began they fell into one of strongest recessions on the continent.…”
Section: Discussion Of Regional Differencesmentioning
confidence: 99%
“…Finally, Source: Eurostat, author's calculations. Kattel -Raudla (2013) mention that the use of EU structural funds substantially helped the Baltic countries during the downturn and partly compensated for the budget revenue loss.…”
Section: Outcomes Of the Anti-crisis Policymentioning
confidence: 99%
“…helped in terms of putting less pressure on the state budget benefits, which in turn eased the fiscal situation and helped to pursue fast fiscal consolidation. Finally, Kattel -Raudla (2013) mention that the use of EU structural funds substantially helped the Baltic countries during the downturn and partly compensated for the revenue loss. Last but not least, one should also note that what happened in the Baltics during the adjustment was a continuation of a historically strong productivity growth mentioned previously (see also Appendix 1 as well as Blanchard et al on Latvia 2013: 351).…”
mentioning
confidence: 99%