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

@article{Gradzewicz2014PolandsEP,
  title={Poland's Exceptional Performance During the World Economic Crisis: New Growth Accounting Evidence},
  author={Michał Gradzewicz and Jakub Growiec and Marcin Kolasa and Łukasz Postek and Paweł Strzelecki},
  journal={International Political Economy: Investment \& Finance eJournal},
  year={2014}
}
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… 
Migration and the economic crisis in the European Union member states: cluster analysis
European Union (EU) is facing large migration flows, whose distribution and volatility in the observed period between 2006 and 2015 across the EU member states, among other factors, were affected by
FOREIGN DIRECT INVESTMENT AS A STIMULANT IN PRODUCTIVITY CONVERGENCE PROCESS BETWEEN VISEGRAD COUNTRIES AND EU-15
Abstract. The explanation of reasons and degree of differentiation of wealth between countries remains an important issue in economics today. Theories of economic growth are focused principally on
Catching up in Czech Republic, Hungary and Poland
The paper summarizes the convergence of the Polish, Hungarian and Czech economies with the German economy and to their steady states in the period between 1995 and 2013. The growth of relative output
Foreign Direct Investment as a Stimulant in Productivity Convergence Process between Visegrad Countries and UE-15
The explanation of reasons and degree of differentiation of wealth between countries remains an important issue in economics today. Theories of economic growth are focused principally on the
KLEMS growth accounting implemented in Poland
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
KLEMS growth accounting implemented in Poland1
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
Top incomes during wars, communism and capitalism: Poland 1892-2015
This study presents the history of top incomes in Poland. We document a U-shaped evolution of top income shares from the end of the 19th century until today. The initial high level, during the period
Is Central and Eastern Europe converging towards the EU-15?
This paper is about the real convergence of six Central and Eastern European economies – Bulgaria, the Czech Republic, Hungary, Poland, Romania, and Slovakia – towards the more advanced EU-15
Between communism and capitalism: long-term inequality in Poland, 1892–2015
TLDR
The first consistent series on the long-term distribution of income in Poland by combining tax, household survey and national accounts data is constructed, finding that official survey-based measures strongly under-estimate the rise in inequality since 1989.
The Problems with Growth Accounting:Unrealistic Assumptions and Biased Results
The traditional methodology of growth accounting is dependent on the unrealistic assumptions of perfect competition and simultaneous expenditures and revenues for labor and intermediaries. When these
...
1
2
...

References

SHOWING 1-10 OF 56 REFERENCES
Crises and Joint Employment–Productivity Dynamics: A Comparative Perspective for European Countries
This paper investigates the short-term joint dynamics of productivity and employment during economic down cycles in EU economies over the past 20 years. We disentangle changes in output into changes
The Great Recession and Developing Countries : Economic Impact and Growth Prospects
While globalization has been a powerful engine of economic growth over the past three decades, it has also posed new problems and challenges, especially for international economic policy
The financial crisis and potential growth : Policy challenges for Europe
Introduction The ongoing financial and economic crisis is taking its toll through an unprecedented drop in GDP – the Commission's spring forecast sets this loss at around 4% in 2009. Whilst financial
Productivity and Potential Output before, during, and after the Great Recession
  • J. Fernald
  • Economics
    NBER Macroeconomics Annual
  • 2015
U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations that focus on disruptions during or since the recession, and industry and state
Potential Economic Growth and Crisis - EU Tendencies and Possibilities of Economic Policies
The study analyzes the impacts of the financial and economic crisis on the potential growth in the European Union. It carries out quantitative analysis in order to reveal the medium and long-term
Implications of the Financial Crisis for Potential Growth: Past, Present, and Future
The scale of the recent collapse in asset values and the magnitude of the recession suggest that activities connected to the increase in values over the 2002-07 period--notably, expansion of the
...
1
2
3
4
5
...