Regional specialization performance to be improved in Latvia for the multinational industrial companies
2013
Staube, T., Riga Technical Univ. (Latvia) | Geipele, I., Riga Technical Univ. (Latvia)
The research is a part of the investigation of models assessing investments' allocation of the powerful countries neighbouring Latvia. The main attention is concentrated on the industrial development of Latvia under the territorial cohesion in scope of the Baltic Sea Region. The problem of the attractiveness of Latvia industrial location is analysed applying Gini coefficient for regional specialization and geographical concentration of manufacturing among other sectors of economy and within the three Baltic countries. The authors have examined the variables incurred by the new trade theory of the 20th century and the role of multinational enterprises in the industrial business. The main findings of the research are as follows: among the three Baltic countries, Latvia has experienced a considerable decrease of industrial regional specialization from 2000 to 2011; low economy concentration and productivity level, which indicates that it is early to predict a stable and balanced economy development in Latvia. The paper comprises theoretical discussion on the ratios of the analysed Gini coefficient.
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