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Sustainability of the convergence between Polish and EU developed economies in the light of KLEMS growth accounting

Author

Listed:
  • Dariusz Kotlewski

    (Warsaw School of Economics (SGH); Statistics Poland)

  • Mirosław Błażej

    (Statistics Poland)

Abstract

The basic research question is whether the convergence between the Polish economy and the developed economies of the EU has a sound basis. The hypothesis is that it is so, which is supported by quite conspicuous evidence arising from KLEMS growth accounting lastly performed in Poland. To demonstrate this, compound values are calculated based on annual datasets from Statistics Poland concerning KLEMS growth accounting for the Polish economy and on annual EU KLEMS datasets. In the first approach these compound values will be used for comparisons between Poland and the other European countries. Further, the annual datasets from Statistics Poland will be used to calculate compound values indicating the distribution of economic growth in Poland according to NACE industries and the structure of this growth by factor contributions at these industry levels. In addition, thanks to a factor decomposition performed in Statistics Poland within the EU Operational Programme ‘Technical Assistance’ II, regional comparisons based on compound-value calculations according to Polish voivodships also became possible, which back the results of the analysis regarding the entire country. The above-mentioned analyses are preceded by a methodological introduction.

Suggested Citation

  • Dariusz Kotlewski & Mirosław Błażej, 2020. "Sustainability of the convergence between Polish and EU developed economies in the light of KLEMS growth accounting," Bank i Kredyt, Narodowy Bank Polski, vol. 51(2), pages 121-142.
    • Handle: RePEc:nbp:nbpbik:v:51:y:2020:i:2:p:121-142
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    More about this item

    Keywords

    economic growth; gross value added; production factors; MFP; TFP;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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