Konwergencja makroekonomiczna w Unii Europejskiej. Przykład Polski

• Authors: Adam Oleksiuk

Title variants

EN

Macroeconomic Convergence in the European Union on the Example of Poland

• Languages of publication: PL

Abstracts

EN

The aim of this paper is to show the Polish economy macroeconomic convergence with the European Union. In the first part of the paper there is a description of the pace and level of development of Polish economy and the factors of economic growth in the years 2008–2009 in relation to the EU-27. The study presents the process of convergence of the Polish gross domestic product per capita. In the second part, there is presentation of the convergence of the Polish public finances in EU countries. Particular attention was paid to the current state of nominal convergence. The fundamental period, which was analyzed in the work is the first decade of the 21st century. We analyzed the basic macroeconomic indicators such as GDP, GDP per capita, gross value added, public debt, budget deficit, interest rates, exchange rates and others. Particular attention was paid to the last period, that is 2007–2009 on account of the global financial crisis. It strongly influenced the economies of individual EU countries. The negative impact of global crisis events on the macroeconomic situation in Poland, however, was weaker than in most EU countries. Despite a noticeable slowdown, which largely inhibits the effect of external demand, Poland was the only EU country with a positive economic growth. The paper formulates the following thesis: after Poland’s accession to the European Union in the years 2004–2009 there was a change in orderly progression of convergence with the EU–27 measured by the decreasing distance to the average level of GDP per capita adjusted for purchasing power of currencies. In 2008–2009 there was an increase in the convergence process, which was due to the global financial crisis and recession in the European Union, whose threat had a significant impact on the economies of individual countries and wealth of society.

Keywords

EN

macroeconomy; economic convergence in the European Union; modern Polish economy; Polish public finances

• Publisher: Wydawnictwo Uniwersytetu Warmińsko-Mazurskiego
• Journal: Przegląd Wschodnioeuropejski
• Year: 2011
• Volume: 2
• Pages: 217-241

Dates

published

2011

Contributors

author

Adam Oleksiuk

• Warmia and Masury University in Olsztyn

Identifiers

ISSN

2081-1128