Productivity factors and dynamics in Latvia

2021

Productivity is crucial factor for the growth of Latvia's economy and prosperity. Although Latvia has achieved significant growth since joining the European Union, productivity growth has slowed in recent years. Today, the world is experiencing a strong shock due to Covid19 crisis, the impact of which on productivity has not yet been widely studied. The aim of this study is to analyse the dynamics of productivity in Latvia, structural changes in technological intensity, as well as the analysis of productivity-related factors. The impact of the Covid-19 pandemic on productivity is also analysed based on researchers' assessments and available information. The research is based on statistical …