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Towards the Post-pandemic Recovery: Economic, Political and Legal Framework for Preservation of Latvia's Growth Potential and Increasing Competitiveness (reCOVery-LV)

Project/agreement No.
VPP-COVID-2020/1-0010
Project funding
495 000.00 EUR, including RSU financing of 50 000 EUR
Project manager
Inna Šteinbuka (LU)
Project realization
01.07.2020. - 31.12.2020.

Aim

To provide a comprehensive, multidisciplinary impact assessment of the pandemic on the Latvian economy and to elaborate scientifically grounded, innovative policy recommendations for overcoming the obstacles of sustainable, inclusive economic growth.

Description

Consortium 6.9. partners

  • University of Latvia
  • Latvia University of Life Sciences and Technologies
  • Rīga Technical University
  • Rīga Stradiņš University
  • Latvian Academy of Sciences

The aim is to provide a comprehensive and multidisciplinary assessment of the impact of Covid-19 pandemic on Latvia’s economy and to produce scientifically grounded and innovative policy recommendations of interdisciplinary nature with regard to overcoming the challenges posed by the Covid-19 pandemic to sustainable and inclusive economic development of Latvia. Methodology-wise, the focus will be on the most critical branches of Latvia’s economy: export industries, agri-food sector, transportation and banking. The assessment and prognostication will be carried out considering the microeconomic (enterprise level), macroeconomic (state level), sociological and legal aspects. Processes that have the potential to cause structural / institutional changes in the Latvian economy will be monitored.The risks stemming from international political developments will be addresses as well.

The projects outcomes: (1) a critical assessment of the existing policy approach to mitigating the costs of the pandemic; (2) a prognostication of the future direction of Latvia’s economic development, taking into account the dynamics of both domestic social and international political developments; (3) a new set of scientifically grounded and applicable policy recommendations for policy-makers.

Project news

Political Scientists from RSU Study the Impact of COVID-19 on the Latvian Economy