Evaluation of cluster policy in Latvia

Abstract

Purpose – The purpose of this paper is to evaluate the cluster policy in Latvia and to provide recommendations for the cluster policy further improvement.

Design/methodology/approach – Theoretical and empirical research methods are used, e.g. literature review, analysis of the European Cluster Memorandum, the survey of Latvian clusters representatives and interviews with experts of the Ministry of Economics of the Republic of Latvia.

Findings – The findings suggest that generally the cluster policy in Latvia is poorly developed in comparison with the desired state and best practices in Europe.

Originality/value – Cluster development is one of the innovation drivers, which strengthen competitiveness and enables growth of companies and whole economy. This paper examines the cluster policy in Latvia. The research findings could be useful for cluster policy makers, fostering development of existing and emerging clusters.