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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.

Suggested Citation

  • Titarenko, Deniss, 2007. "Investīciju struktūra un ekonomikas izaugsme Latvijā [Investment Structure and Economic Growth in Latvia]," MPRA Paper 19341, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19341
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    References listed on IDEAS

    as
    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.
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    3. 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.
    4. Robert J. Barro, 1998. "Determinants of Economic Growth: A Cross-Country Empirical Study," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522543, December.
    5. 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 363-389, September.
    6. Magnus Blomström & Robert E. Lipsey & Mario Zejan, 1996. "Is Fixed Investment the Key to Economic Growth?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(1), pages 269-276.
    7. N. Gregory Mankiw & David Romer & David Weil, 1990. "A Contribution to the Empirics of Economic Growth," Working Papers 1990-24, Brown University, Department of Economics.
    8. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    9. Sala-i-Martin, Xavier, 1997. "I Just Ran Two Million Regressions," American Economic Review, American Economic Association, vol. 87(2), pages 178-183, May.
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    More about this item

    Keywords

    nonfinancial investment; intangible investment; machinery investment; labor force productivity;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • E0 - Macroeconomics and Monetary Economics - - General
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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