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- Title
LABOUR INCOMES AND ECONOMIC ACTIVITY IN POLAND.
- Authors
KORONOWSKI, ADAM
- Abstract
The purpose of this paper is to examine the impact of labour incomes on economic activity and growth in Poland. The thesis of this paper is rooted in the hypothesis of underconsumption and it claims that a proportion of labour incomes to the domestic product exerts an influence on the structure and the value of the aggregate demand and thus it eventually has an effect on economic activity. The simple empirical analysis provided refers to macroeconomic data for the period 2010-2019; recent data at the time of the analysis and a very illustrative period with respect to the thesis. The analysis supports the thesis; relatively low growth of labour incomes is followed by low rates of economic growth and investment and higher rates of unemployment. However, reasons behind the fluctuations in the participation of employees in the domestic product are far from being obvious. Market, economic policy and regulatory aspects of the problem deserve further research.
- Subjects
LABOR economics; INCOME; ECONOMIC activity; MACROECONOMICS; ECONOMIC development
- Publication
Journal of Modern Science, 2023, Vol 53, Issue 4, p206
- ISSN
1734-2031
- Publication type
Article
- DOI
10.13166/jms/175512