PL EN


2010 | 21 | 7-8 | 21-43
Article title

WAGES, PRICES AND UNEMPLOYMENT IN POLAND

Selected contents from this journal
Title variants
Languages of publication
EN
Abstracts
EN
The paper aims to analyze long-run relationships between labor market trends, wages, prices, interest rates and the exchange rate in Poland. The authoresses use a research approach known as cointegrated VAR analysis, which makes it possible to identify long-run tendencies and common stochastic trends as well as estimate the adjustment dynamics of the system (the pulling and pushing forces). The results show that one can find stable long-run cointegration relationships between the unemployment rate, wages and prices. The authoresses can confirm their two main research hypotheses formulated on the basis of theoretical formulations. First of all, increasing product market competition seems to be the main driving force behind the convergence of the Polish economy with more advanced European economies during the analyzed period. Second, they can confirm that the Polish inflation rate has adapted to the European purchasing power parity level over the long run, and they can also confirm a kind of Balassa-Samuelson effect on consumer prices.
Year
Volume
21
Issue
7-8
Pages
21-43
Physical description
Document type
ARTICLE
Contributors
  • Sylwia Roszkowska, Uniwersytet Lódzki, Wydzial Ekonomiczno-Socjologiczny, ul. Polskiej Organizacji Wojskowej 3/5, 90-255 Lódz, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10PLAAAA087419
YADDA identifier
bwmeta1.element.a3aa36b1-617c-325d-9f61-fb642c480b21
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.