Wage- or Profit-Led Regime? The Case of Poland
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...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Collegium of Economic Analysis, SGH Warsaw School of Economics
2024-03-01
|
| Series: | Gospodarka Narodowa. The Polish Journal of Economics |
| Subjects: | |
| Online Access: | https://gnpje.sgh.waw.pl/Wage-or-Profit-Led-Regime-The-Case-of-Poland,178337,0,2.html |
| _version_ | 1827294363146780672 |
|---|---|
| author | Dominik Kaczmarski |
| author_facet | Dominik Kaczmarski |
| author_sort | Dominik Kaczmarski |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-24T13:58:40Z |
| format | Article |
| id | doaj.art-2e6070b6d4014de4ab8c428d495aed4d |
| institution | Directory Open Access Journal |
| issn | 2300-5238 |
| language | English |
| last_indexed | 2024-04-24T13:58:40Z |
| publishDate | 2024-03-01 |
| publisher | Collegium of Economic Analysis, SGH Warsaw School of Economics |
| record_format | Article |
| series | Gospodarka Narodowa. The Polish Journal of Economics |
| spelling | doaj.art-2e6070b6d4014de4ab8c428d495aed4d2024-04-03T13:04:26ZengCollegium of Economic Analysis, SGH Warsaw School of EconomicsGospodarka Narodowa. The Polish Journal of Economics2300-52382024-03-01317151810.33119/GN/178337178337Wage- or Profit-Led Regime? The Case of PolandDominik Kaczmarski0https://orcid.org/0009-0003-4043-505XSGH Warsaw School of Economics, PolandThis 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.https://gnpje.sgh.waw.pl/Wage-or-Profit-Led-Regime-The-Case-of-Poland,178337,0,2.htmlwage-led growthbhaduri-marglin modelpost-keynesian economicsneo-kaleckian model |
| spellingShingle | Dominik Kaczmarski Wage- or Profit-Led Regime? The Case of Poland Gospodarka Narodowa. The Polish Journal of Economics wage-led growth bhaduri-marglin model post-keynesian economics neo-kaleckian model |
| title | Wage- or Profit-Led Regime? The Case of Poland |
| title_full | Wage- or Profit-Led Regime? The Case of Poland |
| title_fullStr | Wage- or Profit-Led Regime? The Case of Poland |
| title_full_unstemmed | Wage- or Profit-Led Regime? The Case of Poland |
| title_short | Wage- or Profit-Led Regime? The Case of Poland |
| title_sort | wage or profit led regime the case of poland |
| topic | wage-led growth bhaduri-marglin model post-keynesian economics neo-kaleckian model |
| url | https://gnpje.sgh.waw.pl/Wage-or-Profit-Led-Regime-The-Case-of-Poland,178337,0,2.html |
| work_keys_str_mv | AT dominikkaczmarski wageorprofitledregimethecaseofpoland |