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Development of System Dynamic Model of Latvia’s Economic Integration in the EU

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  • Skribans, Valerijs
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    Abstract

    Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural and cohesion funds, removed the trading barriers, increases foreign investments, reduced unemployment and increased labor migration. In the paper the system dynamics model, which describes integration of the Latvian economy into EU, is developed. In the model international financial flows connected with Latvia and EU; import, its relation to internal producing; and migration processes are considered. Model functioning is measured considering various scenarios of situation development. The developed model can be used not only in the analysis of Latvia’s economic integration in the EU, but on its basis it is possible to create models of regional cohesion in Europe.

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    File URL: http://mpra.ub.uni-muenchen.de/34565/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 34565.

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    Date of creation: 2011
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    Handle: RePEc:pra:mprapa:34565

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    Related research

    Keywords: Europe; integration; cohesion; economic grow; migration; capital; price; inflation; consumption; output; GDP; unemployment; economic forecasting; system dynamic; simulation;

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Skribans, Valerijs, 2009. "Влияние Трудовой Эмиграции На Рынок Труда В Латвии
      [Influence of Labour Migration on Latvia's Labour Market]
      ," MPRA Paper 18771, University Library of Munich, Germany.
    2. Skribans, Valerijs, 2007. "Ekonomisko un vadības profesiju darba apmaksas tirgus konjuktūra Latvijā
      [Salary conjuncture of economic and management professions experts in Latvia]
      ," MPRA Paper 16384, University Library of Munich, Germany.
    3. Skribans, Valerijs, 2009. "Influence Of Labour Migration On Latvia’s Labour Market," MPRA Paper 16596, University Library of Munich, Germany.
    4. Skribans, Valerijs, 2010. "Latvia’s incoming in European Union economic effect estimation," MPRA Paper 32522, University Library of Munich, Germany.
    5. Skribans, Valerijs, 2009. "Krīzes un 2009. gada nodokļu politikas izmaiņu ietekme uz Latvijas ekonomiku
      [Influence of the Crisis and 2009 Tax Policy Changes on the Latvian Economy]
      ," MPRA Paper 19141, University Library of Munich, Germany.
    6. Willman,Paul & Morris,Tim & Aston,Beverly, 2010. "Union Business," Cambridge Books, Cambridge University Press, number 9780521153133, April.
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