0000000001018159
AUTHOR
Daira Baranova
Trends and Drivers of Productivity Growth in Latvia
Proceedings of the 11th international scientific conference "New Challenges of Economic and Business Development – 2019: Incentives for Sustainable Economic Growth" organized by the Faculty of Business, Management and Economics (University of Latvia), 16 - 18 of May, 2019.
Productivity trends and income inequality in Latvia
Increasing labour productivity is a key driver for prosperity. Although Latvia's productivity growth rates are among the highest in the EU, productivity growth has declined in recent years. With the productivity dynamics slowing down, the pace of convergence is also slower. The benefits of the recent economic recovery in Latvia have not been evenly distributed among households and income inequality has not diminished significantly. The recent OECD and academic studies point to a correlation between falling productivity and increasing income inequality. The more unequal a society is, the more it affects productivity growth and the sustainability of growth. Improving productivity has the pote…