Macroeconomic Environment of Latvia's Exporters

Business and Management 2010: 6th International Scientific Conference: Selected Papers 2010
Velga Ozoliņa

Analysis of macroeconomic environment is important to any enterprise. Moreover, analysis of regional or even global trends is essential to exporters. Therefore the article contains the analysis of the main macroeconomic indicators of the EU countries and Russia, as these are Latvia’s main export markets. In order to evaluate development opportunities and risks, it is necessary to elaborate certain forecasts. Latvia’s macroeconometric model, which is mentioned in the article, enables to calculate forecasts of the main macroeconomic indicators, allowing to evaluate the influence of the economic development of our main export partners on Latvia’s economy. Despite the limitations of the use of macroeconomic models during the crisis, it is possible to use such models in scenario analysis. Several scenarios elaborated with Latvia’s Macroeconometric Model, using the results of analysis, are presented in the article.

Keywords
Macroeconomic environment, economic development, export, macroeconometric model, forecasts
DOI
10.3846/bm.2010.091
Hyperlink
http://dx.doi.org/10.3846/bm.2010.091

Ozoliņa, V. Macroeconomic Environment of Latvia's Exporters. In: Business and Management 2010: 6th International Scientific Conference: Selected Papers, Lithuania, Vilnius, 13-14 May, 2010. Vilnius: Technika, 2010, pp.690-696. ISSN 2029-4441. e-ISSN 2029-428X. Available from: doi:10.3846/bm.2010.091

Publication language
English (en)