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Author
Pater Robert (University of Information Technology and Management in Rzeszów), Cywiński Łukasz (University of Information Technology and Management in Rzeszów), Harasym Ruslan (University of Information Technology and Management in Rzeszów), Tarchalski Kazimierz (University of Information Technology and Management in Rzeszów)
Title
Intangible Capital and the Economic Growth in Poland
Source
Bank i Kredyt, 2018, nr 2, s. 93-114, aneks, bibliogr. 33 poz.
Bank & Credit
Keyword
Zasoby niematerialne, Produkt krajowy brutto (PKB), Wyniki badań, Funkcja produkcji
Intangible assets, Gross domestic product (GDP), Research results, Production function
Note
JEL Classification: O30, O40, P24, P26
summ.
Abstract
The influence of intangible capital on the economic growth in Poland has never been thoroughly analysed. This article contains estimates of the production function with intangible capital and provides growth accounting extended to the intangible capital. We present the estimates of intangible capital formation for 1995-2013 in Poland. We supply previous studies with the analysis of changes in real intangible capital formation and the effects of accumulated intangible capital on GDP. Since most of the intangible capital components have not been accounted for in the national accounts, we suggest possible improvements in economic growth measurement. We show that intangible capital had a significant impact on economic growth in Poland during 1995-2013, accounting for at least one third of the economic growth. The most probable output elasticity with respect to intangible capital is 0.2 to 0.3. (original abstract)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
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ISSN
0137-5520
Language
eng
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