Macro and Micro Features of Successful Economic Convergence : The Case of Poland

This paper examines the patterns of growth of Poland, and its transition into high-income status over the past two decades from a macro and micro perspective. It benchmarks Polish performance with that observed in established high-income countries,...

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Main Authors:	Schiffbauer, Marc, Varela, Gonzalo
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	ECONOMIC GROWTH ECONOMIC CONVERGENCE PRODUCTIVITY STRUCTURAL TRANSFORMATION MICROECONOMIC ANALYSIS MACROECONOMIC POLICY TOTAL FACTOR PRODUCTIVITY REGIONAL INTEGRATION EUROPEAN UNION DIVERSIFICATION
Online Access:	http://documents.worldbank.org/curated/en/704781547133350911/Macro-and-Micro-Features-of-Successful-Economic-Convergence-The-Case-of-Poland http://hdl.handle.net/10986/31207

id	okr-10986-31207
recordtype	oai_dc
spelling	okr-10986-312072021-09-17T05:11:07Z Macro and Micro Features of Successful Economic Convergence : The Case of Poland Schiffbauer, Marc Varela, Gonzalo ECONOMIC GROWTH ECONOMIC CONVERGENCE PRODUCTIVITY STRUCTURAL TRANSFORMATION MICROECONOMIC ANALYSIS MACROECONOMIC POLICY TOTAL FACTOR PRODUCTIVITY REGIONAL INTEGRATION EUROPEAN UNION DIVERSIFICATION This paper examines the patterns of growth of Poland, and its transition into high-income status over the past two decades from a macro and micro perspective. It benchmarks Polish performance with that observed in established high-income countries, and with that of others that have been trapped in middle--income levels and examines the role that integration into the EU had on growth. The analysis reveals, first, that Poland’s growth process has been accompanied by a process of diversification of assets, including institutions, physical and human capital. Second, that the progressive integration into the EU bloc boosted growth and productivity because of three keyfactors: (i) increased openness to trade, investment and talent, (ii) increased domestic competition, and regulatory harmonization with EU, (iii) increased certainty in reforms, through a commitment to EU-institutions. Third, that for full convergence to high-income levels, Polish firms need to increase their innovative capacities. The paper extracts lessons applicable to other economies trapped in middle-income levels, as well as to Poland itself to consolidate growth looking forward. 2019-02-04T18:08:32Z 2019-02-04T18:08:32Z 2019-01-09 Working Paper http://documents.worldbank.org/curated/en/704781547133350911/Macro-and-Micro-Features-of-Successful-Economic-Convergence-The-Case-of-Poland http://hdl.handle.net/10986/31207 English MTI Discussion Paper,no. 11; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Europe and Central Asia Poland
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH ECONOMIC CONVERGENCE PRODUCTIVITY STRUCTURAL TRANSFORMATION MICROECONOMIC ANALYSIS MACROECONOMIC POLICY TOTAL FACTOR PRODUCTIVITY REGIONAL INTEGRATION EUROPEAN UNION DIVERSIFICATION
spellingShingle	ECONOMIC GROWTH ECONOMIC CONVERGENCE PRODUCTIVITY STRUCTURAL TRANSFORMATION MICROECONOMIC ANALYSIS MACROECONOMIC POLICY TOTAL FACTOR PRODUCTIVITY REGIONAL INTEGRATION EUROPEAN UNION DIVERSIFICATION Schiffbauer, Marc Varela, Gonzalo Macro and Micro Features of Successful Economic Convergence : The Case of Poland
geographic_facet	Europe and Central Asia Poland
relation	MTI Discussion Paper,no. 11;
description	This paper examines the patterns of growth of Poland, and its transition into high-income status over the past two decades from a macro and micro perspective. It benchmarks Polish performance with that observed in established high-income countries, and with that of others that have been trapped in middle--income levels and examines the role that integration into the EU had on growth. The analysis reveals, first, that Poland’s growth process has been accompanied by a process of diversification of assets, including institutions, physical and human capital. Second, that the progressive integration into the EU bloc boosted growth and productivity because of three keyfactors: (i) increased openness to trade, investment and talent, (ii) increased domestic competition, and regulatory harmonization with EU, (iii) increased certainty in reforms, through a commitment to EU-institutions. Third, that for full convergence to high-income levels, Polish firms need to increase their innovative capacities. The paper extracts lessons applicable to other economies trapped in middle-income levels, as well as to Poland itself to consolidate growth looking forward.
format	Working Paper
author	Schiffbauer, Marc Varela, Gonzalo
author_facet	Schiffbauer, Marc Varela, Gonzalo
author_sort	Schiffbauer, Marc
title	Macro and Micro Features of Successful Economic Convergence : The Case of Poland
title_short	Macro and Micro Features of Successful Economic Convergence : The Case of Poland
title_full	Macro and Micro Features of Successful Economic Convergence : The Case of Poland
title_fullStr	Macro and Micro Features of Successful Economic Convergence : The Case of Poland
title_full_unstemmed	Macro and Micro Features of Successful Economic Convergence : The Case of Poland
title_sort	macro and micro features of successful economic convergence : the case of poland
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/704781547133350911/Macro-and-Micro-Features-of-Successful-Economic-Convergence-The-Case-of-Poland http://hdl.handle.net/10986/31207
_version_	1764473730734489600

Macro and Micro Features of Successful Economic Convergence : The Case of Poland

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