Modelling Polish Economy: An Application of SVEqCM

Welfe, Aleksander; Karp, Piotr; Kębłowski, Piotr

doi:10.1016/s0573-8555(04)69008-0

Cited by 1 publication

(1 citation statement)

References 12 publications

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“…w górnictwie, hutnictwie, sferze budżetowej, a także w przedsiębiorstwach prywatyzowanych. zatrudnienia możemy się spodziewać dopiero wtedy, gdy tempo wzrostu PKB będzie wyższe od tempa wzrostu wydajności pracy (W. Welfe, A. Welfe, 2004). Inwestycje w środki trwałe przyczyniają się najczęściej do wzrostu wydajności pracy, więc i do wzrostu bezzatrudnieniowego.…”

Section: Popyt Na Pracę a Inwestycje -Modyfikacja Modelu Neoklasycznegounclassified

Modelowanie popytu na pracę

Dróżdż,

Sztaudynger

2009

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An estimation of the model of the demand for labour was discussed in the article. Production, investment rate and salaries were explanatory variables. Production and investment rate were introduced on the base of the neoclassical production function and the last variable - on the base of the neoclassical theory of the demand for labour. Special attention was paid to the investment rate which reflects not only the work substitution by physical capital but as well the expected economic trend. The hypothesis that in conditions of the high investment rate (economic boom) the negative substitution results for the demand for labour are mitigated by positive results of the new work places' creation. The demand for labour is a parabolic function of the investment rate. It means a modification of the demand-for-labour function derived from the neoclassical production function. Moreover, there is significant structural non-adjustment in the economy in circumstances of the high investment rate. It deteriorates economic results i.a. it increases work outlays needed to create production item. It results an additional demand for labour and undermine the substitution effect of the investment.

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Section: Popyt Na Pracę a Inwestycje -Modyfikacja Modelu Neoklasycznegounclassified

Modelowanie popytu na pracę

Dróżdż,

Sztaudynger

2009

View full text Add to dashboard Cite

show abstract

Modelling Polish Economy: An Application of SVEqCM

Cited by 1 publication

References 12 publications

Modelowanie popytu na pracę

Modelowanie popytu na pracę

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