Latvia's Sector Approach Reveals Undervalued Growth in Key Industries.
The study looked at how efficiently different sectors of the Latvian economy used their resources from 2000 to 2008. By considering changes in labor and capital usage, the researchers found that the traditional method of measuring productivity might not accurately reflect growth in certain sectors. They discovered that sectors like manufacturing and retail trade may be more productive than previously thought, while the transport sector might not be as efficient as believed.