OECD Economics Department Working Papers
Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.
The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.
- ISSN: 18151973 (online)
- https://doi.org/10.1787/18151973
Policy areas for increasing productivity in Latvia
Much of the convergence of the Latvian economy needs to come from productivity increases. To achieve this, policy makers should do more to facilitate the integration of the economy into global trade and promote competitive business environment. By benchmarking Latvia vis-à-vis the other Baltic but also some CEE peers, this paper identifies potential for decreasing the regulatory burden, removing trade and investment barriers and strengthening the competitive business environment as well as general framework conditions such as judiciary and access to finance. Furthermore, to ensure that knowledge transfer – essential for increasing productivity – does take place, reforms of the vocational education and training system, of lifelong learning and of policies for research and development, currently under implementation, have yet to deliver.
Keywords: productivity, insolvency, competition, trade barriers, innovation
JEL:
F43: International Economics / Macroeconomic Aspects of International Trade and Finance / Economic Growth of Open Economies;
O47: Economic Development, Innovation, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence;
K21: Law and Economics / Regulation and Business Law / Antitrust Law;
O38: Economic Development, Innovation, Technological Change, and Growth / Innovation; Research and Development; Technological Change; Intellectual Property Rights / Technological Change: Government Policy;
D43: Microeconomics / Market Structure, Pricing, and Design / Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
- Click to access:
-
Click to download PDF - 1.63MBPDF
-
Click to Read online and shareREAD