Abstract for: Occupational Labour Demand Sub-model of Latvian Labour Market Forecasting and Policy Analysis System Dynamics Model

This paper shows occupational labour demand sub-model of the Latvian labour market forecasting and policy analysis system dynamics model. Labour market planning is topical in any country. The novelty element of the paper relates with the practical application of the system dynamics method for the state needs in Latvia for labour market forecasting as well as with development of a one of the most powerful models of labour market forecasting in the World. In the paper structure of the model, occupational labour demand sub-model position in labour demand module of the model, as well as components of occupational labour demand sub-model and the possibilities of the model and the forecast of the most important parameters of labour market in Latvia are shown.