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The impact of terms of trade on economic growth in Poland

Authors

  • Krzysztof Marczewski Szkoła Główna Handlowa w Warszawie Kolegium Zarządzania i Finansów

DOI:

https://doi.org/10.33119/SIP.2022.185.1

Keywords:

terms of trade, factors of economic growth,, social welfare, Törnqvist index, decomposition method

Abstract

The terms of trade have a significant impact on the balance of foreign trade turnover, the structure of GDP distribution, and social welfare. The article examines the impact of terms of trade on economic growth in Poland in welfare terms. The theoretical basis of the issue, simple indicators for measuring the impact of terms of trade on GDP, and the decomposition method of U. Kohli used in the study were discussed. The empirical part presents the results of calculations, compared to other factors of production, of the impact of terms of trade on the rate of Polish economic growth in the years 1995–2020. The clearly positive contribution of the terms of trade to growth in the period following Poland’s accession to the European Union was found.

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References

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Published

2023-01-13

Versions

How to Cite

Marczewski, K. . (2023). The impact of terms of trade on economic growth in Poland. Studies and Work of the Collegium of Management and Finance , (185), 9–21. https://doi.org/10.33119/SIP.2022.185.1

Issue

No. 185 (2022): Studia i Prace

Section

Articles