Adobe Go-Live appears to require HTTP access to your database. This is a problem since the the permissions that are pre-set on the /database folder will deny HTTP access. By default, the IUSR (the anonymous web user) has READ-WRITE permissions to any .mdb files in the /database folder via ODBC and ADO, but HTTP permissions are removed. This is to prevent anyone from guessing at the full URL, and downloading the .mdb file.
In an attempt to allow Golive to access your .mdb file, you could try uploading the .mdb file to another folder (or the root) on your website.
Keep in mind that if you do this, it is possible for someone to download the .mdb file. This may or may not be acceptable to you.