Latvian High-Tech Industry: Trends and Developments
The paper covers analysis of high-tech industry development in Latvia, as well as its facilitating and restricting factors. High-tech industries become more important in Latvia both in terms of export share and generated value added; also the number of enterprises and employees is increasing. A stab...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2018-08-01
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| Series: | Economics and Business |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/eb-2018-0013 |
| _version_ | 1797971985721982976 |
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| author | Menaker Joseph Ozoliņa Velga |
| author_facet | Menaker Joseph Ozoliņa Velga |
| author_sort | Menaker Joseph |
| collection | DOAJ |
| description | The paper covers analysis of high-tech industry development in Latvia, as well as its facilitating and restricting factors. High-tech industries become more important in Latvia both in terms of export share and generated value added; also the number of enterprises and employees is increasing. A stable political system, enabling business environment, a relatively low corporate income tax rate, and government aid are considered as some of the most important facilitating factors. The paper emphasizes the government’s role in promoting and developing the high-tech manufacturing. The most significant limitations are the lack of skilled specialists and sophisticated real estate space, and the remote industrial supply companies and the service centres. Recommendations are given on the possible development directions, including improvements in manufacturing infrastructure, enhancements of the skill level of the labour force, and bringing up a new generation of entrepreneurs. |
| first_indexed | 2024-04-11T03:41:19Z |
| format | Article |
| id | doaj.art-a55f232bd394457b84225ac44e18913b |
| institution | Directory Open Access Journal |
| issn | 1407-7337 2256-0394 |
| language | English |
| last_indexed | 2024-04-11T03:41:19Z |
| publishDate | 2018-08-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Economics and Business |
| spelling | doaj.art-a55f232bd394457b84225ac44e18913b2023-01-02T03:43:12ZengSciendoEconomics and Business1407-73372256-03942018-08-0132116017110.2478/eb-2018-0013eb-2018-0013Latvian High-Tech Industry: Trends and DevelopmentsMenaker Joseph0Ozoliņa Velga1“UAV factory USA” LLC,New York, USARiga Technical University,Riga, LatviaThe paper covers analysis of high-tech industry development in Latvia, as well as its facilitating and restricting factors. High-tech industries become more important in Latvia both in terms of export share and generated value added; also the number of enterprises and employees is increasing. A stable political system, enabling business environment, a relatively low corporate income tax rate, and government aid are considered as some of the most important facilitating factors. The paper emphasizes the government’s role in promoting and developing the high-tech manufacturing. The most significant limitations are the lack of skilled specialists and sophisticated real estate space, and the remote industrial supply companies and the service centres. Recommendations are given on the possible development directions, including improvements in manufacturing infrastructure, enhancements of the skill level of the labour force, and bringing up a new generation of entrepreneurs.https://doi.org/10.2478/eb-2018-0013advanced manufacturingentrepreneurship in latviahigh-tech industryhigh-tech industry influencing factorsskilled labor |
| spellingShingle | Menaker Joseph Ozoliņa Velga Latvian High-Tech Industry: Trends and Developments Economics and Business advanced manufacturing entrepreneurship in latvia high-tech industry high-tech industry influencing factors skilled labor |
| title | Latvian High-Tech Industry: Trends and Developments |
| title_full | Latvian High-Tech Industry: Trends and Developments |
| title_fullStr | Latvian High-Tech Industry: Trends and Developments |
| title_full_unstemmed | Latvian High-Tech Industry: Trends and Developments |
| title_short | Latvian High-Tech Industry: Trends and Developments |
| title_sort | latvian high tech industry trends and developments |
| topic | advanced manufacturing entrepreneurship in latvia high-tech industry high-tech industry influencing factors skilled labor |
| url | https://doi.org/10.2478/eb-2018-0013 |
| work_keys_str_mv | AT menakerjoseph latvianhightechindustrytrendsanddevelopments AT ozolinavelga latvianhightechindustrytrendsanddevelopments |