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Found 52 search results for: economic growth

Andrzej Czyżewski, Ryszard Kata, Anna Matuszczak (2022/1, Articles, p. 41)

Expenditure of Poland’s Agricultural Budgets in the Context of Selected Macroeconomic Relations

The article analyses the dynamics and structure of agricultural expenditure in Polish state budgets in 1995–2020, which is the basis for considerations on the relationship between budget expenditure on agriculture and the dynamics of GDP and the dynamics of the state budget. The analysis concerned both nominal values and values adjusted by the CPI inflation index. In the pre-accession (...)

Adam Rogoda (2021/5, Articles, p. 624)

The Decade of New Structural Economics: What It Was and What Was Left of It?

The article deals with the problem of the internal consistency of the new structural economics (NSE), the economic growth policy concept developed by the Chinese economist Justin Y. Lin, and its ability to explain economic successes and failures of the developing countries. Initially by arguing in favour of a selective industrial policy the NSE seemed to manifest a pragmatic change in the (...)

Michał Schwabe (2021/4, Articles, p. 482)

GDP Growth and Unsaturated Demand on Labour Markets: Is the Visegrad Group Ready for An Increased Immigration?

Due to unprecedented economic growth after the EU accession, four post-communist economies: Czechia, Hungary, Poland, and Slovak Republic (Visegrad Group, V4) have suffered from unsaturated demand in their labour markets. However, while undergoing the transition from net emigration into net immigration countries, the V4 governments unleashed anti-immigrant propaganda, which seems to have (...)

Jerzy Osiatyński (2021/3, Articles, p. 323)

Limitations Of The Old Paradigms Of The Macroeconomic Policy. How To Replace Or Correct Them?

The article deals with the limitations of the old paradigms of fiscal and macroeconomic policy and the way of replacing or correcting them. The first part discusses the limitations of fiscal and macroeconomic policy in general in the context of the contemporary mainstream economics. The second part includes an analysis of the interdependence of the criteria of fiscal policy and the (...)

Valeriy Heyets (2021/1, Essays, p. 167)

Endogenous Social Progress as a Source of economic growth

In this essay, the author argues that social capital and social progress should be treated as a separate endogenous source of economic growth and, consequently, it should be included in endogenous growth models, along with physical and human capital and technological progress. Social capital is a public good, which not only raises the individuals’ intellectual capacity but also increases (...)

Leszek Kucharski, Eugeniusz Kwiatkowski (2020/5, Articles, p. 673)

The Labour Market Situation of Population Groups and the State of the Polish Economy

The paper considers the situation of different population groups in the labour market in Poland under good and poor economic conditions. The groups were defined using criteria such as gender, age, educational attainment and the place of residence. As the measures of their situation, unemployment and employment rates, the flow rates between unemployment, employment and inactive, and (...)

Tomasz Grodzicki, Mateusz Jankiewicz (2020/4, Miscellanea, p. 616)

Energy Consumption and economic growth in the European Union: A Causality Analysis

Energy sector is one of the most important matters in the economic policies of the European Union since it has a significant impact on the quality of life and economic growth. The aim of this paper is to examine the causal relationship between energy consumption and economic growth in the European Union, based on the data from the period of 1960–2015. Using a Granger causality test (...)

Agnieszka Domańska (2020/3, Articles, p. 372)

Crowding-in and Crowding-out Effects of Public Investments in Poland and Portugal: a Comparative Study

The article aims to analyse on a comparative basis the effects of public investment spending on the economies of Poland and Portugal in the period 1996–2017. In the economic theory, there are divergent opinions as to the impact of expansionary fiscal policy on economic growth. The direct and indirect impact of the increasing government spending on the economy is one of the key questions in (...)

Vitalii Bondarchuk, Alina Raboshuk (2020/1, Miscellanea, p. 94)

The Impact of Monetary Policy on economic growth in Ukraine

This study examines the impact of monetary policy on economic growth in Ukraine between 2006 and 2019. After the stationarity and co-integration tests, a vector-autoregressive model (VAM) was used to estimate the impact of monetary factors on economic growth in Ukraine. The research results show that GDP changes are largely explained by its own earlier dynamics, but in the long-run real GDP (...)

Burim Gashi (2019/6, Miscellanea, p. 769)

The Impact of Public Debt on economic growth: Evidence for Balkan Countries

The aim of this paper is to analyse the impact of public debt on economic growth in five Western Balkan countries using data for the period of 2008–2017. The author investigates whether there is a non-linear (quadratic) relationship between the public debt (measured by its proportion to GDP) and economic growth (measured by the growth rate of GDP per capita) in this group of countries (...)

Jan Marek Sztaudynger, Jan Jacek Sztaudynger (2019/6, Articles, p. 680)

Economic Growth and Investments: the Role of Bottlenecks

The impact of fixed capital investments on economic growth is examined. The authors try to show to what extent it depends on the bottleneck (disequilibrium), which existed before the investment and which is eliminated by this investment. The narrower the bottleneck and the more it slows down economic growth, the more output growth will result from this investment. In order to verify this (...)

Aneta Kosztowniak (2019/5, Articles, p. 542)

Impact of the Financial Structure of FDI Inflows on Economic Growth in Poland

The aim of this paper is to analyse the impact of financial components of foreign direct investment (FDI) inflows on economic growth in Poland in the years 2004–2018, with special emphasis on the role of reinvestment of earnings. The following hypothesis has been put forward: As FDI inflows into Poland and enters the successive stages of its profitability life cycle, impact of equity on (...)

Łukasz Dwilewicz (2019/4, Book Reviews, p. 501)

Marcin Piątkowski: Europe’s Growth Champion. Insights from the economic growth in Poland

Stanisław Czaja, Krzysztof Malaga (2019/3, Nobel Prize Laureates, p. 355)

William D. Nordhaus and Paul M. Romer: Laureates of the Nobel Prize in Economics in 2018

The Alfred Nobel Prize awarded by the Royal Academy in Sweden in the field of economics since 1969, is an expression of the highest respect for the most prominent economists in the world. The article presents the biographical outline and selected elements of the achievements of two winners of this award, which in 2018 was awarded to William Dawbney Nordhaus and Paul Michael Romer. The study (...)

Maciej Holko (2019/2, Articles, p. 163)

Theory of Taxation and Tax Policy in OECD Countries

In the context of classical, neoclassical and Keynesian theory of economic growth, the article discusses the problem of tax structure and height. Classical economics and Kalecki argued in favour of progressive income or property taxes while neoclassical economics and Kaldor recommended consumption taxes. The results of econometric research support post-Keynesian theory of growth based on (...)

Viktor Ievdokymov, Oksana Oliinyk, Valentyna Ksendzuk, Larysa Sergiienko (2018/3, Miscellanea, p. 347)

Circular Economy as an Alternative Environment Oriented Economic Concept for Ukraine

Globalization processes and European integration of Ukraine require the consideration of a complex system of international norms in the state policy development. The priority direction of international organizations’ activity in the sphere of economy is sustainable development, in order to ensure the implementation of the goals of which there is a need for the introduction of a circular (...)

Jan L. Bednarczyk, Katarzyna Brzozowska-Rup (2018/3, Articles, p. 275)

New Challenges for Monetary Policy. Is economic growth Priority Coming Back?

The policy of low inflation rates implemented in highly developed countries in the 1990s failed to produce expected results, such as a satisfactory long-term pace of economic growth and avoidance of deeper and durable economic downturns. On the contrary, the countries which were most determined to stabilize prices (Japan, the Eurozone) experienced triggering of deflation-stagnation (...)

Maciej Bukowski, Piotr Koryś, Cecylia Leszczyńska, Maciej Tymiński, Nikolaus Wolf (2018/2, Articles, p. 127) OPEN ACCESS

Economic Growth of Polish Territories in the Period of First Globalization (1870–1910)

Economic growth of various countries in the period between 1870 and 1910 has been analysed in many quantitative studies. For the Polish territories there are two estimates of GDP per capita, which however cannot be treated as fully reliable. It should be noted that such estimates give rise to serious difficulties regarding methodology and data sources. In this case, a special problem is (...)

Magdalena Olczyk (2017/5, Articles, p. 544)

The Concept of International Competitiveness: A Bibliometric Approach

The aim of this paper is to present the results of meta-analysis carried out on the basis of bibliometric data of literature on international competitiveness published over the last 70 years and registered in the Web of Science, Scopus, Google Scholar and Econlit databases, using HistCite, Vosviewer and Pajek. The author tries to identify key publications, key authors and main research (...)

Michał G. Woźniak (2017/3, Discussion, p. 347)

Inequalities and economic growth (Remarks in the margin of the book by Grzegorz Malinowski Inqualities and economic growth: Allies Or Enemies)

Grzegorz Waszkiewicz (2017/3, Miscellanea, p. 323)

Defense Spending in Eurozone Countries and Its Impact on economic growth

Eurozone’s countries are still facing the problem how to invigorate the economic growth of national economies. One of the interesting questions concerns the impact of military expenditure on economic growth. The aim of the paper was to check whether defense spending in Eurozone countries has a noticeable impact on economic growth. Empirical analysis was based on the Granger causality test (...)

Zbigniew Matkowski, Mariusz Próchniak, Ryszard Rapacki (2016/6, Articles, p. 853) OPEN ACCESS

Real Income Convergence between Central Eastern and Western Europe: Past, Present, and Prospects

The paper presents an analysis of real income convergence between 11 countries of Central Eastern Europe which have joined the European Union (EU11) and 15 countries of Western Europe (EU15) in the period 1993–2015. The evolution of the income gap between the two groups of countries in terms of GDP per capita at PPP reveals a clear-cut tendency to income convergence over the analyzed period (...)

Ewa Ambroziak, Paweł Starosta, Jan Jacek Sztaudynger (2016/5, Articles, p. 647)

Trust, Helpfulness, and Fairness and economic growth in Europe

The article an attempt to assess the impact of three components of social capital: trust, helpfulness, and fairness on economic growth in Europe. The fi rst part of the paper discusses the concepts of social capital and the related concept of trust. The second part gives an overview of the selected research hitherto conducted on the subject. The next parts present the econometric model (...)

Piotr Ptak (2016/4, Miscellanea, p. 607)

Fiscal Conditions for Growing out of Debt in Europe

Sovereign debt crisis in the euro zone put in the spotlight the issue of restoring the balance in the public finances of indebted countries as to resorte their capacity to borrow again on financial markets. Restoring fiscal balance will be a difficult task due to poor economic outlook in most EU countries, particularly in the euro area. The attempts to accelerate economic growth by means of (...)

Jan L. Bednarczyk, Piotr Misztal (2016/4, Articles, p. 546) OPEN ACCESS

Does the euro area move towards the low inflation trap?

The euro area is one of the slowest-growing areas of the global economy. Developmental problems of the euro area are in contradiction with the main objectives of the economic and monetary union, formulated in the Maastricht Treaty, and call into question the benefits of further deepening of European integration. The challenge for the effectiveness of economic policy conducted by the (...)

Jerzy Osiatyński (2016/3, Articles, p. 293)

Quo vadis euro – Unio? Perspektywa ekonomii postkeynesowskiej

The strategy adopted by the European Central Bank, European Commission and International Monetary Fund after the outbreak of the global crisis aims at creating new, sustainable foundations for economic growth for member states of the eurozone and of the whole European Union, at full employment and the dynamics of output corresponding to the potential output. This strategy is based on the (...)

Piotr Rubaj (2016/2, Miscellanea, p. 251)

Civilization Dimension of the ‘Welfare State’ Policy: Social Security under Strong International Economic Competition

The aim of the paper is to present various models of social policy applied in different regions of the world and to assess the chances of the development of the ‘welfare state’ policy in the conditions of a rising international economic competition. The implementation of the ‘welfare state’ policy in the Western Hemisphere gives rise to a conflict between the common expectation of generous (...)

Wiktor Rutkowski (2016/2, Articles, p. 161)

Economic Inequalities vs. Economic Development and Social Well-being

This is a contribution to the discussion about the impact of economic inequalities on economic development and social well-being. The rising inequalities in income and wealth distribution, seen in many countries including the most developed ones, have reached a level, which can hardly be explained by traditional economic concepts and which cannot be accepted from the axiological point of (...)

Elżbieta Wojnicka-Sycz (2016/1, Articles, p. 85)

Innovativeness as a Growth and Development Factor in Poland: an Attempt at Empirical Verification

Innovativeness, refl ected among others in total factor productivity, is currently the key factor of economic growth and development, as well as an important determinant of thecompetitiveness of enterprises and economies. The fi rst part of the article shows the signifi cance of innovativeness as growth and development factor in economic theory and empirical research. The second part of the (...)

Marcin Kalinowski (2015/6, Articles, p. 760)

Stock Market and economic growth: A Cross-Country Study

The article deals with the mutual dependence between the development of the capital market and the development of the real sphere of the economy. The fi rst part of the paper includes a comprehensive review of the theoretical and empirical literature on the subject. The second part brings an empirical examination of the statistical dependence between the size and growth of the stock market (...)

Urszula Markowska-Przybyła (2015/5, Articles, p. 651)

Using Functional Approach in the Assessment of Social Capital Resources in Poland

The concept of social capital is widely used and sometimes even abused), though the concept itself is quite vague and understood only intuitively. Nevertheless, it is assumed to be an important factor of economic growth and development. The major obstacle in empirical research is the difficulty in identifying and measuring social capital. These difficulties have their roots in the lack of a (...)

Jerzy Osiatyński (2015/4, Articles, p. 453)

Kalecki and “the Golden Rule of Accumulation”

The concept of the “golden rule of accumulation” appeared in economic debates in mid-1950s, has been analytically developed and popularized by Edmund Phelps and much discussed in the early 1960s, but it is rooted in Harrod-Domar growth models. The central proposition of the rule is that among a continuum of economies each of which represents ever greater capital-output ratio, there is only (...)

Ilhan Ozturk, Ali Acaravci, Seyfettin Artan (2015/2, Articles, p. 189)

The Casual Relationship Between Knowledge Spillovers and economic growth: The Turkish Case

This study has pointed out the long run determinants of the foreign knowledge and it spillovers effects, which come from capital goods imports. For this purpose, we explored both short-run and long-run causal relationships between foreign knowledge spillovers and its main determinants for Turkish economy over the 1992:Q1–2007:Q3 period. Results from ARDL bounds testing approach of (...)

Wiesława Lizińska, Renata Marks-Bielska (2014/5, Articles, p. 707)

Inflow of Foreign Direct Investment and Economic Development in Poland

With progressing economic globalization, increasing attention is attached in theories of economic growth to relationships with the world economy and the economic growth and development in particular countries. One of the elements involved in such relationships and the consequent impact on the economy of a host country is the international capital flow in the form of direct foreign (...)

Dawid Piątek, Katarzyna Szarzec, Michał Pilc (2014/3, Articles, p. 367)

Economic Freedom and Democracy and Economic Growth in Transition Countries

The objective of this paper is to analyse the relationship between political freedom (democracy) and economic freedom and economic growth in transition countries. The paper is organized as follows: 1) literature review about relationship between political and economic freedom and economic growth in developed and transition countries; 2) the description of democracy and economic freedom in (...)

Barbara Grzybowska (2013/4, Miscellanea, p. 521)

Knowledge and Innovations as Contemporary Factors of economic growth

Grażyna Kozuń-Cieślak (2013/3, Articles, p. 319)

The Effectiveness of Public Investment in Human Capital

Human capital is one of the major factors responsible for economic development; investments made in the human capital add to the wealth of nations, accelerating civilization progress and increasing international competitiveness. The aim of the article is to assess the effectiveness of public investments in human capital in the EU member countries using the linear programming method called (...)

Robert Stojanov, Wadim Strielkowski, Karolina Kowalska (2013/1, Miscellanea, p. 155)

Migrants Remittances, Official Development Aid, and economic growth in the Developing Countries

Michał Konopczyński (2012/6, Articles, p. 689)

The Effect of Taxation on economic growth

Using the AK growth model, the author analyses the effect of taxes on long term economic growth, assuming that all government expenditure is spent on public consumption. The author shows that in order to attain the highest possible growth rate, one has to eliminate all the taxes, both income tax and consumption taxes. He proves mathematically that indirect taxes are less detrimental to (...)

Łukasz Goczek (2012/6, Articles, p. 713)

Instability of fiscal policy, financial development, and economic growth

The article presents a review of research on the influence of fiscal policy instability on economic growth in the long run. Based on the findings from theoretical research an empirical model is estimated aimed to assess the impact of the fiscal policy instability on economic growth on the basis of a quantitative analysis. First, in order to estimate the measures of the volatility of fiscal (...)

Mikołaj Herbst, Piotr Wójcik (2012/2, Articles, p. 175)

Economic Growth and Income Divergence in the Polish Subregions: Some Determinants and Spatial Patterns

T his paper is aimed at investigating the presence of sigma and beta convergence regarding per capita GDP levels between the Polish subregions over the period 1995–2006. We verify the existence of absolute convergence, as well as convergence conditioned on the stock of physical capital, human capital, and the size of the central city, being emphasised in the literature as important factors (...)

Salih Turan Katircioglu (2012/1, Miscellanea, p. 117)

Financial Development, International Trade and economic growth: The Case of Sub-Saharan Africa

Piotr Misztal (2011/5, Articles, p. 691)

Commodity Export Concentration and economic growth in the EU Member Countries

The main aim of the paper is to analyze the relationship between commodity export concentration and economic growth in the EU member countries in the period 1995-2009. The article consists of two parts. The first part includes the theoretical explanation of the relationship between the degree of export concentration (diversification) and economic growth, taking into account the main (...)

Jerzy Osiatyński (2011/5, Articles, p. 659)

Preconditions of Poland’s Entry to the Euro Area

A ssuming that the European Economic and Monetary Union survives its current financial crisis, the author tries to answer the question what conditions Poland should meet prior to entering the eurozone that would enable it to maintain and strengthen its competitive position after the entry to the euro area. The ability of any free trade zone member country to sustain its competitive position (...)

Jakub Borowski, Jakub Boratyński, Adam Czerniak, Paweł Dykas, Mariusz Plich, Ryszard Rapacki, Tomasz Tokarski (2011/4, Articles, p. 493)

The Long-term Effect of EURO 2012 on Poland’s Economy

The paper presents the assumptions and results of the forecast prepared by a research team concerning the impact of the UE FA European Football Championship EURO 2012 on the growth of the Polish economy in the period 2008–2010. The simulation of the possible macroeconomic effects of the championship on Poland’s economy, including three forecast variants, has been derived using a dynamic (...)

Ryszard Rapacki, Mariusz Próchniak (2010/4, Miscellanea, p. 523)

The Effect of European Union Enlargement on economic growth and Real Convergence of Central and East European Countries

Waldemar Florczak (2009/4, Articles, p. 479)

Crime and Punishment. An Attempt to Quantify Macroeconomic Determinants of Crime in Poland

Identification and quantification – on a macro-level – of factors determining crime in Poland in the years 1970–2005 was carried out in the article, with an emphasis given to the deterrence effect. The narration is illustrated with appropriate examples, with Poland being a benchmark. At the stage of equations’ specification – which was supported by referring to recognized theories of crime (...)

Jan Jacek Sztaudynger (2009/2, Articles, p. 189)

Family-based Social Capital and economic growth in Poland

Waldemar Florczak (2008/2, Articles, p. 169)

Human Capital in Empirics of Growth Modeling

The article surveys empirical research into the influence of human capital upon economic growth. The literature of this topic is very rich, so the survey – can hardly be exhaustive. The main criterion of selection of the reported contributions was their rank in the state of art. The survey can prove useful while investigating the role of human capital in the economic growth of Poland as it (...)

Grzegorz W. Kołodko (2007/6, Articles, p. 799)

Two-thirds of Success. Systemic Transformation in Poland and Lessons for the Future

Postsocialist transformation must be seen against the background of ongoing globalization. The progress toward institutional changes should be evaluated through the prism of their influence on country’s development abilities. In Poland, over eighteen years of comprehensive systemic shift, GDP has increased more than in any other postsocialist country. While judging the transformation (...)

Leszek Zienkowski (2007/6, Articles, p. 861)

Determinants and Perspectives for economic growth in the Coming Years

Results of international comparisons that evaluate determinants of economic growth are presented at first. It is noted that Polish economy is located in each sphere at one of the lowest positions among referred to countries. That indicates the need for economic reforms – the most important relate to business conditions and to public finance. However the results of comparative studies (...)

Bogusław Fiedor (2007/6, Polemics, p. 955)

Polemics with the book by M. Kabaj About an Employment-non-Increasing economic growth