Development of System Dynamic Model of Latvia’s Economic Integration in the EU
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.
|Date of creation:||2011|
|Date of revision:|
|Publication status:||Published in Proceedings of the 29th International Conference of the System Dynamics Society (2011): pp. 1-16|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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- Skribans, Valerijs, 2009. "Influence Of Labour Migration On Latvia’s Labour Market," MPRA Paper 16596, University Library of Munich, Germany.
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[Salary conjuncture of economic and management professions experts in Latvia]," MPRA Paper 16384, University Library of Munich, Germany.
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"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.
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[Influence of the Crisis and 2009 Tax Policy Changes on the Latvian Economy]," MPRA Paper 19141, University Library of Munich, Germany.
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