Republic of Latvia : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/029

IMF Staff Country Reports

Language:

English

Subjects (All):

Monetary policy--Latvia.

Monetary policy.

Latvia--Economic conditions.

Latvia.

Physical Description:

1 online resource (55 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This note presents estimates of potential growth and the output gap in Latvia. The estimates suggest that the output has marked below potential in the early 2000s but the output gap becomes positive and large after EU accession. With unemployment still well above its natural level, the output gap is estimated to be negative in 2012, but is expected to narrow gradually and be closed in the next 3–4 years. Potential growth is expected to be substantially lower than in 2002–07.

Contents:

Cover; Contents; I. Potential Growth and the Output Gap in Latvia; A. Introduction; Figures; 1.1. Actual and Natural Unemployment Rate; B. Results; 1.2. Potential Output, Univariate Statistical Methods; 1.3. Potential Output, Production Function Model; 1.4. Output Gap and Unemployment Gap; 1.5. Output Gap-PF and BQ Methods; 1.6. Contribution to Growth of Potential Output; C. Policies to Increase Potential Growth; 1.7. Tax System Does not Encourage Employment; Technical Appendix; References; II. Microeconomic Reform Challenges; A. Introduction

B. Overview of Latvia's Competitive Strengths and WeaknessesFigures; 2.1. Doing Business, EU Countries; 2.2. Global Competitiveness Index, EU Countries; 2.3. Gini Coefficient, EU Countries; 2.4. Innovation Index, EU Countries; Box; 1. Europe 2020: Country-Specific Recommendations for Latvia; C. Judicial Efficiency and the Insolvency Framework; 2.5. Europe: Clearance Rates of Litigious Civil and Commercial Cases in First Instance Courts, 2010; D. State-Owned Enterprises; E. Higher Education; 2.6. EU Countries: Total Public Expenditure on Tertiary Education, 2009

2.7. Europe: Trends in Tertiary Enrolments, 2001-102.8. Latvia: Birth Rates, 1986-2011; 2.9. Selected Countries: Quality of the Educational System, 1-7 (best) 2006-07 to 2012-13; 2.10. Selected Countries: Number of Publications in Science Citation Index Articles in English per Million Population, 1990-2010; 2.11. Number of PhD Graduates per 1000 Population, 2010; F. Vocational Education; 2.12. Vocational Education: Numbers of Students and Institutions, 2005-11; 2.13. Selected EU Countries: Total Public Expenditure on Secondary Education, 2008

2.14. EU Countries: Participation in Lifelong Learning, 20112.15. EU Countries: Participation in Continuing Vocational Education, 2005; G. Other Structural Issues; H. Conclusions; References

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475560541

1475560540

9781475521306

1475521308

9781299264953

1299264956

9781475538045

1475538049