1 option
The Evolving Growth Model of Lithuania : Republic of Lithuania / Saioa Armendariz, Alberto Musso.
- Format:
- Book
- Government document
- Author/Creator:
- Armendariz, Saioa.
- Series:
- Selected Issues Papers; Selected Issues Paper ; No. 2025/139
- Selected Issues Papers
- Language:
- English
- Physical Description:
- 1 online resource (11 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2025.
- Summary:
- Lithuania has seen strong income convergence since regaining independence, but in recent years progress in this respect has stalled as the contribution of capital deepening and TFP growth to labor productivity growth became lackluster. Persisting constraints faced by firms, such as lack of access to credit, low spending in R&D and limited availability of workers with sufficient digital skills, explain low rates of corporate investment, productivity and innovation. Looking ahead, targeted structural reforms are essential to support a lasting recovery in labor productivity growth. Key structural reforms include changes in labor market and education needed to reduce skill mismatches and improve labor quality, reforms in the financial sector allowing for deeper capital markets, and reforms aimed at accelerating to transition to a digitalized economy and a more comprehensive AI preparedness.
- Notes:
- Description based on print version record.
- ISBN:
- 979-82-290-2727-4
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.