How a less developed economy can catch up with the leaders? The role of aggregate productivity Cover Image

W jaki sposób słabiej rozwinięta gospodarka może dogonić liderów? Znaczenie zagregowanej produktywności
How a less developed economy can catch up with the leaders? The role of aggregate productivity

Author(s): Witold M. Orłowski
Subject(s): Economy
Published by: Kancelaria Sejmu
Keywords: total factor productivity;economic growth;growth accounting;technological progress;industrial policy;Productivity Strategy 2030

Summary/Abstract: There exist many examples of countries that have seriously reduced, over the past 150 years, the development gap vis-à-vis economic leaders. The decisive factor was the rapid increase of the total factor productivity (TFP), possible due to the technological progress. In the article, the author verified 6 important hypotheses underlying the Productivity Strategy 2030 published by the Polish government, on the basis of the experience of 96 countries around the world over the last 60 years. Most of these hypotheses were positively verified. However, when implementing the Strategy, one should remember that the increase in the aggregate productivity observed throughout the economy is only the combined effect of the increase in productivity occurring at the enterprise level. Therefore, the pursuit of more developed countries requires, first of all, the creation of appropriate conditions for the development of enterprises.

  • Issue Year: 2024
  • Issue No: 1
  • Page Range: 7-28
  • Page Count: 22
  • Language: Polish
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