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Macroeconomic Environment of Latvia’s Exporters

By Velga Ozoliņa

Abstract

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

Topics: Macroeconomic environment, economic development, export, macroeconometric model, forecasts
Publisher: VGTU Publishing House "Technika"
OAI identifier: oai:ortus.rtu.lv:8813
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