The "Soaring Eagle": Anatomy of the Polish Take-Off in the 1990's

Author: International Monetary Fund

Poland stands out among transition economies as having experienced a relatively short and shallow contraction followed by sustained, vigorous growth. This paper examines various aspects of Poland's growth performance from 1992 through 1998 at the macroeconomic level as well as across sectors and regions. It discusses the sources of Poland's growth, showing that early in the decade, improved resource utilization was the paramount determinant, while factor accumulation, supported by rising foreign direct investment inflows, took on increasing importance in the later 1990s.

Volume/Issue: Volume 2000 Issue 006

Publication date: January 2000

ISBN: 9781451842289

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Topics covered in this book

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Business and Economics , Exports and Imports , Economics- Macroeconomics , Industries - Manufacturing , Agribusiness , WP , Poland , GDP , real GDP , economic growth , transition , growth performance , productivity change effect , growth record , private sector share , per capita income , higher-productivity sector , consumer goods , productivity gain , productivity development , GDP data , reallocation effect , contribution of productivity change , Total factor productivity , Manufacturing , Foreign direct investment , Agricultural sector , Western Europe

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Summary

Poland stands out among transition economies as having experienced a relatively short and shallow contraction followed by sustained, vigorous growth. This paper examines various aspects of Poland’s growth performance from 1992 through 1998 at the macroeconomic level as well as across sectors and regions. It discusses the sources of Poland’s growth, showing that early in the decade, improved resource utilization was the paramount determinant, while factor accumulation, supported by rising foreign direct investment inflows, took on increasing importance in the later 1990s.