Competitiveness and economic development scenarios of Latvia
The paper deals with the analysis of exports and competitiveness in Latvia in comparison with Estonia and Lithuania. The objective of the study is to elaborate the possible sectoral development scenarios based on the competitiveness analysis results. The main focus is on exports of goods and reveale...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2018-07-01
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| Series: | Business, Management and Education |
| Subjects: | |
| Online Access: | http://journals.vgtu.lt/index.php/BME/article/view/2399 |
| _version_ | 1818886928971333632 |
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| author | Astra Auzina-Emsina Velga Ozolina Remigijs Pocs |
| author_facet | Astra Auzina-Emsina Velga Ozolina Remigijs Pocs |
| author_sort | Astra Auzina-Emsina |
| collection | DOAJ |
| description | The paper deals with the analysis of exports and competitiveness in Latvia in comparison with Estonia and Lithuania. The objective of the study is to elaborate the possible sectoral development scenarios based on the competitiveness analysis results. The main focus is on exports of goods and revealed comparative advantage (RCA) of exported products as compared to the EU exports. Scenarios are elaborated to model economic development by industries using Latvian Model of Development (LMD), which is a macro-econometric model. Results argue that the economic development is higher, if the competitiveness ensures both higher export growth and import substitution. RCA is an appropriate method to apply in competitiveness studies and the research findings can be used in economic policy and analysis. |
| first_indexed | 2024-12-19T16:29:08Z |
| format | Article |
| id | doaj.art-81f8b4f8735047c4878571c38374ede4 |
| institution | Directory Open Access Journal |
| issn | 2029-7491 2029-6169 |
| language | English |
| last_indexed | 2024-12-19T16:29:08Z |
| publishDate | 2018-07-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Business, Management and Education |
| spelling | doaj.art-81f8b4f8735047c4878571c38374ede42022-12-21T20:14:16ZengVilnius Gediminas Technical UniversityBusiness, Management and Education2029-74912029-61692018-07-0116110.3846/bme.2018.2399Competitiveness and economic development scenarios of LatviaAstra Auzina-Emsina0Velga Ozolina1Remigijs Pocs2Riga Technical University, Riga, LatviaRiga Technical University, Riga, LatviaRiga Technical University, Riga, LatviaThe paper deals with the analysis of exports and competitiveness in Latvia in comparison with Estonia and Lithuania. The objective of the study is to elaborate the possible sectoral development scenarios based on the competitiveness analysis results. The main focus is on exports of goods and revealed comparative advantage (RCA) of exported products as compared to the EU exports. Scenarios are elaborated to model economic development by industries using Latvian Model of Development (LMD), which is a macro-econometric model. Results argue that the economic development is higher, if the competitiveness ensures both higher export growth and import substitution. RCA is an appropriate method to apply in competitiveness studies and the research findings can be used in economic policy and analysis.http://journals.vgtu.lt/index.php/BME/article/view/2399Competitivenessrevealed competitive advantageeconomic developmentindustriesscenario analysisscenarios of Latvia |
| spellingShingle | Astra Auzina-Emsina Velga Ozolina Remigijs Pocs Competitiveness and economic development scenarios of Latvia Business, Management and Education Competitiveness revealed competitive advantage economic development industries scenario analysis scenarios of Latvia |
| title | Competitiveness and economic development scenarios of Latvia |
| title_full | Competitiveness and economic development scenarios of Latvia |
| title_fullStr | Competitiveness and economic development scenarios of Latvia |
| title_full_unstemmed | Competitiveness and economic development scenarios of Latvia |
| title_short | Competitiveness and economic development scenarios of Latvia |
| title_sort | competitiveness and economic development scenarios of latvia |
| topic | Competitiveness revealed competitive advantage economic development industries scenario analysis scenarios of Latvia |
| url | http://journals.vgtu.lt/index.php/BME/article/view/2399 |
| work_keys_str_mv | AT astraauzinaemsina competitivenessandeconomicdevelopmentscenariosoflatvia AT velgaozolina competitivenessandeconomicdevelopmentscenariosoflatvia AT remigijspocs competitivenessandeconomicdevelopmentscenariosoflatvia |