Productivity trends and income inequality in Latvia

Simple item page
dc.contributor.authorBaranova, Daira
dc.contributor.authorBaranovs, Olegs
dc.contributor.authorSkribane, Irina
dc.date.accessioned2021-03-16T15:27:10Z
dc.date.available2021-03-16T15:27:10Z
dc.date.issued2020
dc.description.abstractIncreasing 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 potential to affect inequalities in a positive and negative way. To find suitable policy answers therefore is extremely challenging. The research describes the dynamics of productivity and income inequality, their interaction in Latvia. The research is based on existing data, studies, and policy documents. It aims to integrate the available data from a broad range of international and domestic sources from the perspective of Latvia. The research argues that easy gains from catching up are over, keeping productivity dynamic will not be easy, as the factors that provided relatively high productivity rates in previous periods are likely to be exhausted and companies are approaching the limits of existing technology. Continued progress in implementing structural reforms will be needed to reduce the productivity gap, only systemic implementation of all policies and structural reforms can provide a desirable outcome. In order to reduce income inequality, it is important to strengthen the competitiveness of the regions of Latvia and to improve the tax and benefit system.en_US
dc.identifier.isbn978-9934-18-598-4
dc.identifier.urihttps://dspace.lu.lv/dspace/handle/7/54168
dc.language.isoengen_US
dc.publisherUniversity of Latviaen_US
dc.relation.ispartofseriesNew Challenges in Economic and Business Development – 2020: Economic Inequality and Well-Being;
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectproductivityen_US
dc.subjectincome inequalityen_US
dc.subjecteconomic policyen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economicsen_US
dc.titleProductivity trends and income inequality in Latviaen_US
dc.typeinfo:eu-repo/semantics/articleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Baranova_D_Baranovs_O_Skribane_I_NC_2020.pdf
Size:
895.94 KB
Format:
Adobe Portable Document Format
Description:
Article
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Raksti konferenču krājumā un tēzes (BVEF) / Conference Papers and Abstracts