Republic of Poland : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Dept.

Contributor:

International Monetary Fund, publisher.

Series:

IMF Staff Country Reports; Country Report ; No. 2019/038

IMF Staff Country Reports

Language:

English

Subjects (All):

International economic relations.

Poland--Economic conditions.

Poland.

Physical Description:

1 online resource (29 pages) : illustrations.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2019.

Summary:

This Selected Issues papers review factors that drive wage growth in Poland and studies structural characteristics and firm-level total factor productivity (TFP) in Poland and Emerging Europe. The increase in real unit labor costs (RULC) occurred alongside an unprecedently tight labor market. The study highlights that the more subdued RULC dynamics compared with the pre-crisis period, despite the now-lower unemployment rate, may reflect the recent influx of foreign workers. In order to more systematically identify the long- and short-term drivers of Polish wages, an Error-correction model has been used. Analyses presented in the paper using both Statistics Poland and Orbis data show that foreign-owned firms are associated with strong TFP performance through above-average TFP levels and growth rates. The findings suggest the need to create an environment conducive to entrepreneurship by reducing barriers to entry and ensuring a level playing field between state owned and private firms, while also avoiding barriers to scaling up businesses while encouraging investments in innovation and research and development.

Notes:

Description based on print version record.

ISBN:

9781484397558

148439755X

9781484397572

1484397576