- Additional Authors
- Kierzenkowski, Rafal.
- Description
- 14 p.; 21 x 29.7cm.
- Summary
- 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.
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.1054
- Uniform Title
- OECD Economics Department Working Papers, no.1054.
- Subject
- LCCN
- 10.1787/5k452kltcxxq-en
- OCLC
- oecd-lib-001007
- Author
Égert, Balázs.
- Title
Challenges to Sustain Poland's Growth Model [electronic resource] / Balázs Égert and Rafal Kierzenkowski
- Imprint
Paris : OECD Publishing, 2013.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.1054
OECD Economics Department Working Papers, 1815-1973 ; no.1054.
- Connect to:
- Indexed Term
Economics
Poland
- Added Author
Kierzenkowski, Rafal.
- Other Standard Identifier
10.1787/5k452kltcxxq-en doi