THE STUDY OF THE FEATURES OF ESTONIAN ECONOMIC GROWTH: THE EXPERIENCE FOR UKRAINE

Abstract

The authors have studied the features of Estonia economic growth that started from the successful money reform then the taxation reform correspondingly after the World economic crisis with anti-crisis reforms. It was established, that for today the base of Estonian economy development is a creation of digital society e-Estonia, the unique commercial register and the register of real estate. The features of Estonia taxation system, characterized with relatively low taxes and easiness of the use, were also defined in the work; the features of bank system, which financial safety essentially depends on Sweden banks that in their turn depends on inflation and economic situation in the country, were studied. The work also analyses the state of economic growth in Estonia in six stages, each of which has its cause and result. The first, third and fifth stages were with negative GDP index that was correspondingly caused by introduction of the money, taxation reform and the World economic crisis. The second, fourth and sixth stages were characterized with economic growth with positive GDP index that proves the expedience and effectiveness of introduction of the money, taxation and anti-crisis reforms in the country.