Modeling Economic Growth in Contemporary Poland

Modeling Economic Growth in Contemporary Poland
Author: Elżbieta Bukalska
Publisher: Emerald Publishing Limited
Total Pages: 0
Release: 2023-11-09
Genre: Business & Economics
ISBN: 9781837536559

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Trying to explain the sources of Poland’s economic success and decouple it from simple stylized facts on economic convergence anchored in the neoclassical growth models, the chapters show how the Polish economy rapidly moved away from the communist economic system, which had ended up in an economic collapse.

Modeling Economic Growth in Contemporary Poland

Modeling Economic Growth in Contemporary Poland
Author: Elżbieta Bukalska
Publisher: Emerald Group Publishing
Total Pages: 329
Release: 2023-11-09
Genre: Business & Economics
ISBN: 1837536546

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Trying to explain the sources of Poland’s economic success and decouple it from simple stylized facts on economic convergence anchored in the neoclassical growth models, the chapters show how the Polish economy rapidly moved away from the communist economic system, which had ended up in an economic collapse.

Modeling Economic Growth in Contemporary India

Modeling Economic Growth in Contemporary India
Author: Bruno S. Sergi
Publisher: Emerald Group Publishing
Total Pages: 353
Release: 2024-07-22
Genre: Business & Economics
ISBN: 1803827513

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This volume focuses on core topics of economic disruption caused by the Covid-19 pandemic: changes in socio-cultural relationships, behavioural patterns and psychological attitudes governing human interaction, and government policies to stabilize the Indian economy and contribute to sustainable growth.

Modeling Economic Growth in Contemporary Czechia

Modeling Economic Growth in Contemporary Czechia
Author: Daniel Stavárek
Publisher: Emerald Group Publishing
Total Pages: 353
Release: 2024-04-08
Genre: Business & Economics
ISBN: 1837538409

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Separated into four distinct parts, Modeling Economic Growth in Contemporary Czechia explores economic growth in Czechia from the perspectives of the dynamics of the economy, setting up of the economic policies, functioning of the markets and institutions, and the contribution of specific industry sectors to economic growth.

Europe's Growth Champion

Europe's Growth Champion
Author: Marcin Piatkowski
Publisher: Oxford University Press
Total Pages: 397
Release: 2018
Genre: Business & Economics
ISBN: 0198789343

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What makes countries rich? What makes countries poor? Europe's Growth Champion: Insights from the Economic Rise of Poland seeks to answer these questions, and many more, through a study of one of the biggest, and least heard about, economic success stories. Over the last twenty-five years Poland has transitioned from a perennially backward, poor, and peripheral country to unexpectedly join the ranks of the world's high income countries. Europe's Growth Champion is about the lessons learned from Poland's remarkable experience, the conditions that keep countries poor, and the challenges that countries need to face in order to grow. It defines a new growth model that Poland and its Eastern European peers need to adopt to grow and catch up with their Western counterparts. Poland's economic rise emphasizes the importance of the fundamental sources of growth- institutions, culture, ideas, and leaders- in economic development. It demonstrates that a shift from an extractive society, where the few rule for the benefit of the few, to an inclusive society, where many rule for the benefit of many, can be the key to economic success. *IEurope's Growth Champion asserts that a newly emerged inclusive society will support further convergence of Poland and the rest of Central and Eastern Europe with the West, and help to sustain the region's Golden Age. It also acknowledges the future challenges that Poland faces, and that moving to the core of the European economy will require further reforms and changes in Poland's developmental character.

Modeling Economic Growth in Contemporary Malaysia

Modeling Economic Growth in Contemporary Malaysia
Author: Bruno S. Sergi
Publisher: Emerald Group Publishing
Total Pages: 253
Release: 2021-02-12
Genre: Business & Economics
ISBN: 1800438087

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This book considers crucial changes to Malaysian economic areas and social well-being. The chapters cover diverse industries such as IT, green technology, retailing, banking, tourism and hospitality, education, logistics, finance, banking, and many others.

Global Long-term Economic Growth and the Economic Transformation of Poland and Eastern Europe

Global Long-term Economic Growth and the Economic Transformation of Poland and Eastern Europe
Author: Stanisław Gomułka
Publisher: Wydawnictwo Naukowe Scholar
Total Pages: 436
Release:
Genre: Business & Economics
ISBN: 8367450116

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One of the characteristic facts concerning the “catching-up countries” is the exceptionally large variation in their per capita annual rate of growth, from about zero to about 10%. The papers published in this monograph show that this rate is strongly dependent on the rate of investment, the quality of the labour force and the quality of institutions. The rate of investment is, in turn, dependent on the rate of domestic savings. In Poland, domestic savings are shown to have been and continue to be very low by international standards. The trend rate of growth of about 3.7% has been about 2 pp. higher than that of the most developed economies, mainly thanks to the development of modern market institutions and a new private sector, and partly thanks to foreign direct investments and a significant inflow of finance from the European Union (EU). The data also show that by far the least successful transformation in Eastern Europe has taken place in Ukraine. (Author’s Introduction) *** Our discussion is limited to the Technology Frontier Area (TFA) of the world. The central question is how the area’s innovation rate changes over time in the course of centuries. The analysis indicates that the pattern of change of the innovation rate over time may be eventually hat-shaped. This Hate-Shape Relationship is an empirical law that is given a theoretical interpretation. It is in part a prediction based on the author’s model of innovation and growth. Its acceleration and steady growth segments correspond well to the past reality. Its slowdown part is the central thesis of the book.

Understanding the Polish Capital Market

Understanding the Polish Capital Market
Author: Marek Dietl
Publisher: Taylor & Francis
Total Pages: 371
Release: 2022-12-30
Genre: Business & Economics
ISBN: 100081775X

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The first stock exchange in Warsaw – capital city of the Kingdom of Poland– was established in 1817. Over the past 205 years, the fortunes of the capital market have been closely linked to the "bumpy road" of Polish history. The establishment of the GPW Warsaw Stock Exchange in 1991 was a landmark for transformation from a centrally planned communist economy to a market-driven capitalist one. Since the doors of the exchange reopened, Polish GDP per capita (current USD) increased eight times, translating into an average yearly growth rate of over 7%. The capital market has played a pivotal role in the economic success of Poland over the last three decades. It is not easy to precisely quantify the impact, as it was rather a spill-over effect. Economic growth has fostered the development of a capital market, and more efficient conversion of savings to investments via the capital market. The excellence of capital market institutions can be gauged with reference to various parameters. A synthetic measure is so-called market status. According to FTSE Russell (global index provider), Polish capital attained developed market status in 2018, being the first and only post-communist state to do so. It is fair to say that transformation has been completed and developed market status indicates clearly that the institutions and regulations are world class. The current challenge is competing with other developed markets for the best issuers and offering the most demanding investors an excellent trading experience. This book offers scientific insight into the Polish capital market story. Authored by a group of renowned scholars, with contributions aspiring to the highest academic standards for theoretical considerations and empirical research. The book covers various topics, including links between monetary policy and capital markets, micro and macro market structures, and investors and issuers' behaviour and strategies. All chapters are rooted in contemporary finance theory, supported by various econometric models based on the most recently available data. The book aims to provide academics and practitioners insight into the Polish capital market, appealing especially to those interested in gaining a deeper understanding of emerging markets' successful transformation into developed ones. It can also be used as supplementary reading for doctoral and master’s students in finance, particularly relating to capital markets and economics – predominantly development economics and economic policy.

Determinates of Savings and Economic Growth in Poland in Comparison to the OECD Countries

Determinates of Savings and Economic Growth in Poland in Comparison to the OECD Countries
Author: Barbara Liberda
Publisher:
Total Pages: 0
Release: 2009
Genre:
ISBN:

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Authors investigate interactions between the rate of economic growth and the saving rate in Poland in the 1990s. Tendencies observed in the Polish economy are related to the long term trends of growth and saving in a number of OECD countries. A simulation of possible development paths of the Polish economy is conducted using results of the estimation of the saving function for the OECD countries in the period 1971-1994. The model implies that, if the factors determining the rate of saving and the rate of growth were the same as those in the OECD countries during the last 25 years, the rate of saving in Poland would be higher by 5 percentage points and would equal 22 percent. Moreover, assuming the medium term rate of growth of 5-7 percent, a reduction of the budget deficit and the current account deficit, would result in a rise in the saving rate up to the level of 25-27 percent of GDP. Savings of households would rise by 2-3 percentage points to the level of 12 percent of GDP. The long term rate of growth would either be lowered down to 4 percent or raised up to 8 percent depending on the extent of utilisation of externalities and increasing returns from the employment of the human capital and technological change.