Evaluating the Significance of Structural Changes within National Economy for Economic Growth of Latvia using the Econometric Model
2013
Aleksandra Mihņenoka, Juris Saulītis

The paper focuses on the research of structural changes of national economy, which is stated as one of the structural reform features, and their evaluation of economic growth. As a result of examining the basic theoretical guidelines of structural changes of national economy in economic literature and applying an econometric approach, a model of Latvian economy is developed. The model is based on the statistical data of the Republic of Latvia for the last twenty years. It describes a correlation between the structural changes of national economy and economic growth of Latvia during the period under consideration. According to the results of the study, the economy of Latvia during the last twenty years was driven by the tertiary sector – the services had significant impact on the economic growth of Latvia.


Atslēgas vārdi
economic growth, sectors of national economy, structure of national economy, structural changes of national economy

Mihņenoka, A., Saulītis, J. Evaluating the Significance of Structural Changes within National Economy for Economic Growth of Latvia using the Econometric Model. Ekonomika un uzņēmējdarbiba. Nr.23, 2013, 62.-70.lpp. ISSN 14077337.

Publikācijas valoda
English (en)
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