Factors of Productivity Dynamics in Sections of Economic Activity in Poland
DOI:
https://doi.org/10.24917/20801653.331.5Keywords:
factors of production, Malmquist index, productivity changes, sections of economic activityAbstract
The aim of the study is to identify the types of economic activity in Poland that achieved the highest productivity dynamics, as well as to specify sources of the changes. It is empirically verified if the growth poles appear in a sphere of knowledge-based services. Decomposition of productivity changes into technological change and efficiency change is presented in the paper. Moreover, there are compared changes in total factor productivity, as well as changes in productivity of specified factors: labour, physical capital, and human capital and thus factoral sources of developmental dynamics are searched for. The presented research covers the period 2008-2016, that is specified by the appearance and breaking down the world economic crisis. To fulfil the research tasks the Malmquist index and its decomposition were used. The research results allow to confirm tendencies into a service knowledge-based economy’s development in Poland. As modern growth poles should be recognised the following sections: information and communication; financial and insurance activities; professional, scientific and technical activities. Specifying such sections as those with favourable productivity changes and technological progress creates some basis to direct structural policy to accelerate economic growth. Moreover, comparison of productivity dynamics of productive factors and its decomposition allows to conclude that a modern phase of changes in a structure of productive factors’ usage in Poland takes a form of extensive widening a range of knowledge use.Downloads
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