European Parliament Library

Republic of Latvia :, Selected Issues

Abstract
This Selected Issues paper examines the prospects for Latvia continuing to rapidly reduce its distance from the productivity frontier. It looks at the empirical record of countries that have in the past attained a similar relative level of income to that of Latvia at present, to gauge the plausibility of the forecast for Latvia’s medium term GDP growth of about 4 percent per year. It highlights that more than one-third of the countries reaching a similar stage of development managed to sustain higher subsequent growth. The paper also confirms the importance of investment and structural reforms for Latvia’s future convergence, using a sector-level analysis
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; Box; Tables; Box; Tables; Annexes; A. Introduction; B. An International Comparison of Income Convergence; 1. Convergence After DTF Reached 75 Percent; 2. Convergence After DTF Reached 56 Percent; 3. Comparison between Latvia's Projected Performance in 2015-20 and Historical Performances of Countries at a Similar Stage of Development; C. Sectoral Convergence; 4. Distance to Frontier, Share in Total Employment and Productivity; 5. Estimation Results of the Sector-Level Convergence Regression
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (64 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475514087

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