Poland's Exceptional Performance During the World Economic Crisis: New Growth Accounting Evidence

  title={Poland's Exceptional Performance During the World Economic Crisis: New Growth Accounting Evidence},
  author={M. Gradzewicz and J. Growiec and M. Kolasa and �ukasz Postek and P. Strzelecki},
  journal={European Economics: Macroeconomics & Monetary Economics eJournal},
  • M. Gradzewicz, J. Growiec, +2 authors P. Strzelecki
  • Published 2014
  • Economics
  • European Economics: Macroeconomics & Monetary Economics eJournal
  • Using a growth accounting exercise based on new estimates of flows of capital and labor services in the Polish economy during the period 1995-2013, we study the consequences of the recent global economic crisis for the observed pace and structure of economic growth in Poland – a converging open economy which itself did not contribute to the breakout of the crisis. We thus provide a supply-side explanation why Poland fared so well during the world economic crisis. According to our results, the… CONTINUE READING
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