Poland’s uninterrupted growth performance: new growth accounting evidence

Gradzewicz, Michał; Growiec, Jakub; Kolasa, Marcin; Postek, Łukasz; Strzelecki, Paweł

doi:10.1080/14631377.2017.1398519

Cited by 15 publications

(13 citation statements)

References 23 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…In Russia, international sanctions, combined with the 2014-16 oil price plunge, deterred investment (Russell 2018). Although EU structural funds buoyed overall investment in Central Europe, they did not fully offset weakness in machinery and equipment investment, which was due partly to reduced commercial credit supply (Gradzewicz et al 2018;Levenko, Oja, and Staehr 2019).…”

Section: Sources Of Regional Productivity Growthmentioning

confidence: 99%

Global Productivity: Trends, Drivers, and Policies

Dieppe

2020

View full text Add to dashboard Cite

Productivity growth is the key driver of sustainable income growth and poverty reduction. Its effects on human welfare are enormous. While economists agree on the importance of productivity, its measurement and drivers remain elusive. We sometime refer to productivity as a "residual" or even as a "measure of our ignorance." This important book analyzes the trends and drivers of productivity growth, with a special focus on emerging and developing countries. It uses state-ofthe-art econometric techniques and brings together the analysis of a wide range of productivity drivers which, so far, have been analyzed in isolation. It also discusses the impact of COVID-19 on productivity growth. Reading this book will help in reducing our ignorance on the most important driver of human well-being.

show abstract

Section: Sources Of Regional Productivity Growthmentioning

confidence: 99%

Global Productivity: Trends, Drivers, and Policies

Dieppe

2020

View full text Add to dashboard Cite

show abstract

“…The two series seem to reflect the soaring real economic activity driven by fast economic growth in that period and may cast some doubt over the interpretation that the strong growth the top 1% and top 5% share ( Figure 1) only reflected a structural shift in tax avoidance. 16 (Growiec 2012;Gradzewicz et al 2018). 18 Growing capital share could be in turn driven by capital-augmenting technical change or by globalization through trade-induced shift toward capital-intensive sectors.…”

Section: Estimating the Under-coverage Of High Incomes In Household Smentioning

confidence: 99%

Reevaluating Distributional Consequences of the Transition to Market Economy in Poland: New Results From Combined Household Survey and Tax Return Data

2019

View full text Add to dashboard Cite

show abstract

“…Although Poland is present in various releases of EU KLEMS database, no decomposition of gross value added growth or gross output growth into factor contributions and MFP contribution has been ever performed there because of missing input data (with the exception of 2007 EU KLEMS release, presently outdated) -the reason is that no sufficient data are being sent to Eurostat on the one hand (although theoretically they could be sent, which is a matter of co-operation agreements within Eurostat) and on the other hand that there are data which need to be imputed innovatively, since they are not straightforwardly available in Poland too. A growth accounting for Poland with decomposition as above mentioned has been performed by NBP 4 appointed researchers, based on a slightly different methodology (Gradzewicz et al, 2014(Gradzewicz et al, , 2018, but not at the sectoral and industry level. As far as the authors of this article know, no one else has ever performed a decomposition of the above-mentioned kind at industry level for Poland (with the exception of the above mentioned release 5 ).…”

Section: Introductionmentioning

confidence: 99%

KLEMS growth accounting implemented in Poland¹

Kotlewski

Błażej²

2020

Statistics in Transition New Series

View full text Add to dashboard Cite

The aim of the article is to present the main body of the KLEMS growth accounting recently implemented in Poland. The works on the KLEMS productivity accounting in Poland started in 2013 and focused on areas such as the development of methodology and the availability and assessment of data. These efforts enabled preparing KLEMS data sets pertaining to the Polish economy and moreover proved that unavailable data can be effectively estimated. Additionally, interesting but complex and debatable results were obtained, such as labour hoarding together with remunerations' freezing around the 2009 crisis, accompanied by a natural drop in the capital contribution growth and an increase in the MFP contribution, which most probably indicated effective reorganizations in the economy. In the years 2012−2014, increasing labour and capital contributions did not fully translate into gross value added growth, which led to negative MFP growths, as these are calculated residually. This, however, changed completely in the last two years of the time span covered by the research, namely in 2015-2016. An industry-level analysis became also possible, showing that the Polish economy was developing dynamically and undergoing intensive modernisation, which was obtained, however, with a debatable contribution of the State. To study the debatable features of the Polish economy in a greater detail, a further decomposition of the labour factor growth into four sub-factor contributions instead of two sub-factor contributions was performed. This additional analysis confirmed that labour hoarding phenomenon specific for Poland contributed to a softer impact of the 2007−09 financial crisis on this country's economy.

show abstract

Poland’s uninterrupted growth performance: new growth accounting evidence

Cited by 15 publications

References 23 publications

Global Productivity: Trends, Drivers, and Policies

Global Productivity: Trends, Drivers, and Policies

Reevaluating Distributional Consequences of the Transition to Market Economy in Poland: New Results From Combined Household Survey and Tax Return Data

KLEMS growth accounting implemented in Poland¹

Contact Info

Product

Resources

About

Poland’s uninterrupted growth performance: new growth accounting evidence

Cited by 15 publications

References 23 publications

Global Productivity: Trends, Drivers, and Policies

Global Productivity: Trends, Drivers, and Policies

Reevaluating Distributional Consequences of the Transition to Market Economy in Poland: New Results From Combined Household Survey and Tax Return Data

KLEMS growth accounting implemented in Poland1

Contact Info

Product

Resources

About

KLEMS growth accounting implemented in Poland¹