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The Polish model of transformation and growth

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  • Stanislaw Gomulka

Abstract

This paper attempts to answer why growth in Poland, in the post‐1989 period, has been much faster than in other transition countries and why macroeconomic instability and a stagftation phenomenon, experienced by both Hungary 1995‐96) and the Czech Republic (1997‐98), have so far been successfully avoided in Poland. The paper discusses the roles in this dual success of specific initial conditions, of the model of transformation adopted, and of the choice of particular policies. The paper also discusses the reforms and polcies needed, and proposed in Poland under the Balcerowicz Plan Mark II, to increase domestic savings and sutain rapid growth in the longer term.

Suggested Citation

  • Stanislaw Gomulka, 1998. "The Polish model of transformation and growth," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 6(1), pages 163-171, May.
    • Handle: RePEc:bla:etrans:v:6:y:1998:i:1:p:163-171
    DOI: 10.1111/j.1468-0351.1998.tb00042.x
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    References listed on IDEAS

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    1. Pohl, G. & Anderson, R.E. & Claessens, S. & Djankov, S., 1997. "Privatization and Restructuring in Central and Eastern Europe: Evidence and Policy Options," Papers 368, World Bank - Technical Papers.
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    Cited by:

    1. Michael P. Keane & Eswar S. Prasad, 2002. "Inequality, Transfers, And Growth: New Evidence From The Economic Transition In Poland," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 324-341, May.
    2. Marek Dabrowski & Stanislaw Gomulka & Jacek Rostowski, 2001. "Whence reform? A critique of the stiglitz perspective," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 4(4), pages 291-324.

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