LITHUANIAN MARITIME SECTOR’S ECONOMIC IMPACT EVALUATION: METHODS AND COMPARATIVE ANALYSIS
Keywords:Economic impact, Maritime Sector, Clustering, Lithuania, Comparative analysis
This article analyses the Maritime Sector economic growth impact on Lithuania’s economy from two different maritime sectors structuring methods perspective: European and National. There is presented comparative analysis of the main economic data, counting by following different periods of Maritime sector development in absolute and comparative means. The article presents empirical study of the most important economic evaluation results of Lithuanian Maritime Sector statistical entity indicators: number of business units (companies), number of employees, turnover, gross operating profit, value added at factor costs and investments in tangible fixed assets.
Although many of the research concerning Maritime sectors were conducted by the European Council organizations and consultant agencies, especially including Scandinavian ones, Lithuanian Maritime sector economic impact on the parameters which are presented here, statistically were not followed by the different time periods. The permanent analysis of the Lithuanian Maritime sector economic evaluation is important for the country’s Maritime sector’s enterprises strategic linkages forwards to the agglomerated and geographically concentrated sectorial alliances, called as clusters.
It can be assumed that the Maritime sector’s economic data comparison ensures a more sustainable sector development, the new quality of the activities, combining the ability to compete on lower prices or innovation.