Productivity and Competitiveness: Future Challenges

Inna Šteinbuka, Oļegs Barānovs, Jānis Salmiņš and Irina Skribāne

A chapter in Economic Development and Resilience by EU Member States, 2024, vol. 115, pp 83-97 from Emerald Group Publishing Limited

Abstract: Purpose:This chapter aims to provide a comparative analysis of productivity and competitiveness in 13 new European Union member states (EU-MS). Need for study: The need for this study is determined by the slow growth of productivity in the EU, the necessity of the ‘productivity renaissance’, and the need for considerable acceleration of productivity growth in the new EU-MS at the lower end. The authors examine the reasons for the productivity backlog in these countries. Latvia, where productivity is among the lowest in the EU, has been selected as a case study. Methodology: A special methodology has been applied to assess the impact of the redistribution of labour resources on the overall productivity dynamicsin the Latvian economy. The core methodological approach used in the study is the method of structural changes’ impact analysis, shift-share analysis. The main sources of the statistical data used in the study are theCentral Statistical Bureau of Latvia (2024), the Statistical Office of the European Union (Eurostat, 2024), and the Organization for Economic Cooperation and Development (OECD). Findings: The findings include the identification of the reasons for low-productivity dynamics, an impact assessment of the COVID-19 pandemic and recent geopolitical factors on productivity, a comparative analysis of productivity trends in 13 new EU-MS, especially in the Baltic states in the international context, specific conclusions on Latvia’s productivity development, and future challenges. Practical implications: The authors have elaborated policy recommendations for policymakers, which can be used to improve productivity and competitiveness in Latvia and other new EU-MS.

Keywords: Productivity; competitiveness; innovation; investment; comparative analysis; J30; O40 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... 9-375920240000115006
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:csefzz:s1569-375920240000115006

DOI: 10.1108/S1569-375920240000115006

Access Statistics for this chapter

More chapters in Contemporary Studies in Economic and Financial Analysis from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().