Front Matter Page
IMF Country Report No. 15/111
REPUBLIC OF LATVIA
SELECTED ISSUES
May 2015
This Selected Issues Paper on the Republic of Latvia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on April 9, 2015.
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Front Matter Page
REPUBLIC OF LATVIA
SELECTED ISSUES
April 9, 2015
Approved By
European Department
Prepared By Astou Diouf, Weicheng Lian, and Gabriel Srour.
Contents
MEDIUM-TERM GROWTH IN LATVIA
A. Introduction
B. An International Comparison of Income Convergence
C. Sectoral Convergence
D. Concluding Remarks
BOX
1. Aggregate Productivity Growth Decomposition, Data and Methodology of Convergence Regression, and Others
TABLES
1. Convergence After DTF Reached 75 Percent
2. Convergence After DTF Reached 56 Percent
3. Comparison between Latvia’s Projected Performance in 2015–20 and Historical Performances of Countries at a Similar Stage of Development
4. Distance to Frontier, Share in Total Employment and Productivity
5. Estimation Results of the Sector-Level Convergence Regression
REFERENCES
EMIGRATION FROM LATVIA
A. Introduction
B. Historical Trends
C. Econometric Analysis
D. Long-Term Forecasts
E. Conclusions and Policy Implications
BOX
1. Passenger Flows
TABLES
1. Estimation Results of Determinants of Emigration
2. Estimation Results of Determinants of Emigration for Top Five Destinations
REFERENCES
ANNEXES
I. Remittances in Latvia
II. Econometric Analysis