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Job Creation and Local Economic Development

image of Job Creation and Local Economic Development

This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It  also includes  a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).

This publication is the first in a series to take this integrative approach, and it is designed to be user friendly and accessible to all government officials, academics, practitioners and civil society with an interest in local economic development and job creation.

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Latvia

shows where conditions are ripe for quality job creation due to high skills supply and high skills demand in the six Latvian regions. In 2011, the three regions situated in the western part of the country were found to be in a “high skills equilibrium”, where a high supply of skills (percentage of people with post-secondary education) is matched by a high skills demand (percentage of medium and high skills occupations and GVA per worker). The three regions in the East, are in a “low skills equilibrium”, where a low skills demand is matched by low skills supply. Interestingly none of the regions was found in a situation of either skills deficit or skills surpluses.

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