Wage- or Profit-Led Regime? The Case of Poland

• Authors: Dominik Kaczmarski

Title variants

PL

Wzrost gospodarczy napędzany przez płace czy zyski? Przypadek Polski

Abstracts

PL

Badanie ma na celu ustalenie, czy polska gospodarka działa w ramach reżimu opartego na płacach czy na zyskach. Analizując to, jak zmiany w rozkładzie dochodów wpływają na konsumpcję, inwestycje oraz eksport netto, można wnioskować o naturze reżimu gospodarczego Polski, co ułatwia formułowanie polityk opartych na dowodach, a także wspiera zrównoważony rozwój gospodarczy kraju. Długoterminowy wpływ zwiększenia udziału zysków na wzrost gospodarczy okazuje się istotnie negatywny, dając podstawy do wniosku, że Polska gospodarka w okresie 2001–2022 funkcjonowała w reżimie opartym na płacach. Szacunek całkowitego wpływu krańcowego zwiększenia udziału zysków na produkt, z uwzględnieniem mechanizmów mnożnikowych, wynosi –0,22.

EN

This study aims to investigate whether the Polish economy operates under a wage-led or profit-led economic regime. By analysing how changes in income distribution affect consumption, investment, and net exports, insights are gained into the nature of the economic regime, facilitating evidence-based policy formulation and fostering sustainable economic development in the country. The long-term impact of an increase in the profit share on economic growth is found to be significantly negative, giving rise to the conclusion that the Polish economy was in a wage-led regime from 2001 to 2022. The estimated total marginal effect of an increased profit share on output, including multiplier mechanisms, is –0.22.

Keywords

PL

wzrost oparty na płacach; model Bhaduriego–Marglina; ekonomia postkeynesowska; neokaleckianizm

EN

wage-led growth; Bhaduri-Marglin model; post-Keynesian economics; neo-Kaleckian model

• Publisher: Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
• Journal: Gospodarka Narodowa. The Polish Journal of Economics
• Year: 2024
• Volume: 317
• Issue: 1
• Pages: 5-18

Dates

published

2024

Contributors

author

Dominik Kaczmarski

• SGH Warsaw School of Economics, Poland

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Identifiers

DOI

10.33119/GN/178337

Biblioteka Nauki

29432299