Tatjana Štaube

Decisions on Industry Location and Market Capacities in Latvia

The research is drawn on the main hypothesis that Latvia does not use its advantageous location effectively supported by the previous research results where the authors found the modern industrial real property market stock would not need any further growth and pointed on the local industrial real estate market misbalance. A focus of the research is on finding out the key principles in those companies’ choice on the most appropriate territory to the industrial objects and industrial location specifics. The Paper contains the projected results, the analysis of other scientists’ work results on the industrial location research and the model previously introduced. The worked out model is devoted to forecast stock of the modern industrial premises in Europe in the territory of the Republic of Latvia by the original approach of including the European climate change issue as a basis to assign the sustainable supply of the industrial premises. The Paper is a message to professional critical view and assessment on the model and the survey issue.

The Development and Design of Engineering Economic Indicator System for Nanotechnology Industry Product Manufacturing: A Case Study of Latvia / Inženierekonomisko Rādītāju Sistēmas Attīstība Un Izveide Nanotehnoloģiju Industrijas Produktu Ražošanai: Latvijas Pieredze

Abstract The current scientific paper is developed to continue the research on further commercialisation of the nanotechnology products of manufacturing industries in Latvia. To create the system of engineering economic indicators for multifunctional nanocoating technologies, the scientific indicators and their theoretical justification have been used, the issues from the experts’ analysis and survey of the Latvian companies operating in the nanotechnology industry have been summarised. Kopsavilkums Zinātniskā publikācija ir sagatavota kā turpinājums nanotehnoloģiju industrijas produktu komercializācijas pētījumam Latvijā. Lai izveidotu inženierekonomisko rādītāju sistēmu daudzfunkcionālajām nano-pārklājumu tehnoloģijām tiek izmantoti zinātniskie indikatori, to teorētiskais pamatojums, kā arī Latvijas inovatīvo daudzfunkcionālo materiālu ražotāju aptaujas un ekspertinterviju rezultāti.

Nanotechnologies in Latvia: Commercialisation Aspect

Abstract The authors consider the possibilities to apply the nanotechnology products of manufacturing industries in Latvia for further commercialisation. The purpose of the research is to find out the preliminary criteria for the system of engineering economic indicators for multifunctional nanocoating technologies. The article provides new findings and calculations for the local nanotechnology market research characterising the development of nanotechnology industry. The authors outline a scope of issues as to low activities rankings in Latvia on application of locally produced nanotechnologies towards efficiency of the resource use for nanocoating technologies. For the first time in Latvia, the authors make the case study research and summarise the latest performance indicators of the Latvian companies operating in the nanotechnology industry.

Economic and financial rationale for age-friendly housing

Purpose This study aims to indicate the reasons and provide practical suggestions to financial viability of the age-friendly housing as a sustainable construction. Design/methodology/approach The paper reviews the primary and secondary literary sources, logical approach and comparisons of real estate and socio-economic regional statistics and conducts analysis of case studies. Findings The study contains the results from empirical analysis on the topicality of an age-friendly built environment in the scientific literature. Key principles are identified for a current early stage of the development of a concept of the age-friendly housing. A research on the current socio-economic aspects of the creation of an age-friendly built environment is made. The practical cases of the age-friendly housing are inspected. Timely developed age-friendly housings may expect growing demands, but thorough calculation on future income is required. Research limitations/implications The research is carried on a scale of two countries – the Kingdom of the Netherlands and the Republic of Latvia. Practical implications The paper provides new developments in construction sector of Latvia and the Netherlands in terms of intention to further scientific and practical activities. The research has to identify the socio-economic aspects and the impact and importance of those in determining the revenues of age-friendly construction. Social implications Age-friendly construction is going to become the standard of the sustainable property development, whereby the developers and investors will not make additional investments as they are compensated up front, and society as a total gets the revenues on the long term. Once this “wheel is turning”, the benefits will be permanent. Originality/value Latvia is being analysed in comparison with the Netherlands. The authors challenged to find opportunities to both countries from the economic viability’s point of view for the age-friendly housing developments.

Arguments Used for Restricting International Real Property Transactions: Case Study of Latvia

Abstract There is a wide range of factors - political, economic, legal, etc., which either limit or promote international real property transactions. It is considered that real property alienation to foreigners enhances foreign investment and economic development, however, some countries tend to limit such transactions. The current research provides a scientific view to reveal the reasons why certain countries impose different kinds of restrictions on international real property transactions. The objectives of this publication are: 1) to find out and analyse the existing arguments and reasons for limiting international real property transactions; 2) to determine the number and volume of international real property transactions in Latvia; 3) to identify the main argumentation for the current step and significant decline of international real property transactions in Latvia. Empirical analysis based on the review of scientific publications, statistical and comparative analysis of real property transactions are the main methods employed for this research.

Scientific Aspects of Spatial Economic Allocation of Entrepreneurial Activities

Abstract The paper includes results of economic calculation until 2020 regarding adaptations of the algorithm model of forecasting supply of spatial economic objects for planning the development of the Latvian high-end industrial market space. Scientific discussion concerns the average temperature increase as a determinant ratio and the definition of spatial economics developed by the authors The research focuses on the changes in climatic conditions, which may have an impact on the country’s economic development priorities. The paper also reflects on assessment of regional specialization of the leading entrepreneurial activities in Latvia and the Baltic States. It is mainly based on the empirical study of scientific literature. The authors apply the following methods: decision-making, analysis of primary and secondary sources, the Gini coefficient of Regional Specialization, the Gini coefficient of Geographical Concentration, logical approach and comparisons, systems and dynamic factor analysis, expert analysis, mathematical statistical methods. Main conclusions state that Latvia would continue regional development, maintain division of industrial capacities and decrease of Riga’s industrial agglomeration. Agriculture will develop intensively. Increase in high-class industrial property stock is partly conditioned by the high-quality manufacturing needs, as well as logistics and service needs. The calculated level of that stock is 772,300 sq.m until 2020. In fact, Latvia demonstrates low regional specialization rates for agriculture and manufacturing. The authors stress importance of development of the appropriate infrastructure in creating competitive local business environment in the Latvian cities.

The Development of Nanotechnologies and Advanced Materials Industry in Science and Entrepreneurship: Socioeconomic and Technical Indicators. A Case Study of Latvia (Part One)

Abstract The present scientific paper is the first part of two publications, where the authors obtain results from the scientific research presented in a series of works on the development of the nanotechnologies and advanced materials industry in science and entrepreneurship in Latvia. The study has a focus on finding proper socioeconomic and technical indicators. It provides resume on a scope of the study. The paper contains the developed structure of engineering economic indicator system, determined groups of indicators for assessment of the development of nanotechnologies and advanced materials industry in Latvia and results of the evaluation of the obtained statistics on the economic indicators.