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Investīciju struktūra un ekonomikas izaugsme Latvijā
[Investment Structure and Economic Growth in Latvia]

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  • Titarenko, Deniss

Abstract

The aim of the paper is to estimate the influence of different structural elements of investment on the process of economic growth in Latvia. Author presents the brief review of the main development trends of the modern economic growth theory. The dynamics and structure of the nonfinancial investment of the Latvian enterprises is analyzed. The results of econometric analysis of the investment structure model presented in this paper show that intangible investment, investment in nonresidential buildings and machinery investment are the most significant factors influencing the level of labor force productivity in Latvia.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 19341.

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Date of creation: 2007
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Handle: RePEc:pra:mprapa:19341

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Keywords: nonfinancial investment; intangible investment; machinery investment; labor force productivity;

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References

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  1. De Long, J. Bradford & Summers, Lawrence H., 1993. "How strongly do developing economies benefit from equipment investment?," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 395-415, December.
  2. Caselli, Francesco & Esquivel, Gerardo & Lefort, Fernando, 1996. " Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics," Journal of Economic Growth, Springer, vol. 1(3), pages 363-89, September.
  3. Blomstrom, Magnus & Lipsey, Robert E & Zejan, Mario, 1996. "Is Fixed Investment the Key to Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 111(1), pages 269-76, February.
  4. Jeffrey Sachs & Andrew Warner, 1995. "Economic Reform and the Progress of Global Integration," Harvard Institute of Economic Research Working Papers 1733, Harvard - Institute of Economic Research.
  5. Titarenko, Deniss, 2008. "Investīcijas kā Latvijas ekonomikas izaugsmes faktors
    [Investments as a Growth Factor of the Latvian Economy]
    ," MPRA Paper 16775, University Library of Munich, Germany.
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