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Rola zmian cen dóbr handlowych we wzroście dochodu krajowego Polski, Czech i Węgier

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  • Doebeli, Barbara
  • Kolasa, Marcin

Abstract

The authors analyze the importance of the key factors behind real GDP growth in Poland against the background of two other new EU member states, Hungary and the Czech Republic. The analysis makes use of an “index decomposition method” that directly takes into account the influence of changes in terms of trade. The authors highlight potential traps resulting from the interpretation of real GDP as an indicator of real incomes under changing terms of trade. Notably, average annual GDP growth in Poland in 1995-2002 was much higher than in other new EU member states, but in the case of real GDP growth, that prevalence proved to be much smaller. The most important factors behind GDP growth in the three analyzed countries were an increase in productivity and the accumulation of capital.

Suggested Citation

  • Doebeli, Barbara & Kolasa, Marcin, 2005. "Rola zmian cen dóbr handlowych we wzroście dochodu krajowego Polski, Czech i Węgier," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2005(9), September.
    • Handle: RePEc:ags:polgne:355599
    DOI: 10.22004/ag.econ.355599
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    References listed on IDEAS

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    1. Diewart, W Erwin & Morrison, Catherine J, 1986. "Adjusting Output and Productivity Indexes for Changes in the Terms of Trade," Economic Journal, Royal Economic Society, vol. 96(383), pages 659-679, September.
    2. Easterly, William & Kremer, Michael & Pritchett, Lant & Summers, Lawrence H., 1993. "Good policy or good luck?: Country growth performance and temporary shocks," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 459-483, December.
    3. Kohli, Ulrich, 2003. "Growth accounting in the open economy: international comparisons," International Review of Economics & Finance, Elsevier, vol. 12(4), pages 417-435.
    4. Ulrich Kohli, 2004. "An Implicit Törnqvist Index of Real GDP," Journal of Productivity Analysis, Springer, vol. 21(3), pages 337-353, May.
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    Cited by:

    1. Ryszard Rapacki & Mariusz Próchniak, 2012. "Wzrost gospodarczy w krajach Europy Środkowo-Wschodniej na tle wybranych krajów wschodzących," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1-2, pages 65-96.
    2. Kolasa, Marcin & Strzelecki, Paweł, 2007. "Zmiany jakości wykorzystywanych zasobów pracy w Polsce," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2007(11-12), December.

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