Challenges to Sustain Poland's Growth Model:
Notwithstanding a very strong economic performance over the past decade or so, Poland's per capita income is substantially lower in comparison with the United States and per capita income growth will be sharply slowing down over the coming decades under the scenario of gradual policy changes mo...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2013
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1054 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Notwithstanding a very strong economic performance over the past decade or so, Poland's per capita income is substantially lower in comparison with the United States and per capita income growth will be sharply slowing down over the coming decades under the scenario of gradual policy changes mostly because of population ageing. Bold structural reforms are needed to boost labour productivity and labour resource utilisation. This paper argues that in order to increase labour resource utilisation, policy action should focus on raising the effective retirement age, encourage childbearing and lower high unemployment rates for young people and the unskilled via increased and more efficient active labour market policies. Labour productivity could be boosted via rendering the tax system more growth friendly, reducing product market regulation (including heavy government involvement in the economy, high administrative costs of running and starting businesses and increasing competition in uncompetitive segments of the economy). Investing in human capital and encouraging innovation are also essential for long-term productivity growth. |
| Beschreibung: | 1 Online-Ressource (13 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5k452kltcxxq-en |
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| spelling | Égert, Balázs VerfasserIn aut Challenges to Sustain Poland's Growth Model Balázs, Égert and Rafal, Kierzenkowski = Les défis pour soutenir le modèle de croissance économique en Pologne / Balázs, Égert et Rafal, Kierzenkowski Les défis pour soutenir le modèle de croissance économique en Pologne Paris OECD Publishing 2013 1 Online-Ressource (13 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1054 Notwithstanding a very strong economic performance over the past decade or so, Poland's per capita income is substantially lower in comparison with the United States and per capita income growth will be sharply slowing down over the coming decades under the scenario of gradual policy changes mostly because of population ageing. Bold structural reforms are needed to boost labour productivity and labour resource utilisation. This paper argues that in order to increase labour resource utilisation, policy action should focus on raising the effective retirement age, encourage childbearing and lower high unemployment rates for young people and the unskilled via increased and more efficient active labour market policies. Labour productivity could be boosted via rendering the tax system more growth friendly, reducing product market regulation (including heavy government involvement in the economy, high administrative costs of running and starting businesses and increasing competition in uncompetitive segments of the economy). Investing in human capital and encouraging innovation are also essential for long-term productivity growth. Economics Poland Kierzenkowski, Rafal MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5k452kltcxxq-en Volltext |
| spellingShingle | Égert, Balázs Challenges to Sustain Poland's Growth Model Economics Poland |
| title | Challenges to Sustain Poland's Growth Model |
| title_alt | Les défis pour soutenir le modèle de croissance économique en Pologne |
| title_auth | Challenges to Sustain Poland's Growth Model |
| title_exact_search | Challenges to Sustain Poland's Growth Model |
| title_full | Challenges to Sustain Poland's Growth Model Balázs, Égert and Rafal, Kierzenkowski = Les défis pour soutenir le modèle de croissance économique en Pologne / Balázs, Égert et Rafal, Kierzenkowski |
| title_fullStr | Challenges to Sustain Poland's Growth Model Balázs, Égert and Rafal, Kierzenkowski = Les défis pour soutenir le modèle de croissance économique en Pologne / Balázs, Égert et Rafal, Kierzenkowski |
| title_full_unstemmed | Challenges to Sustain Poland's Growth Model Balázs, Égert and Rafal, Kierzenkowski = Les défis pour soutenir le modèle de croissance économique en Pologne / Balázs, Égert et Rafal, Kierzenkowski |
| title_short | Challenges to Sustain Poland's Growth Model |
| title_sort | challenges to sustain poland s growth model |
| topic | Economics Poland |
| topic_facet | Economics Poland |
| url | https://doi.org/10.1787/5k452kltcxxq-en |
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