| Description |
1 online resource (51 pages) : color illustrations, color maps |
| Series |
IMF country report ; no. 16/211 |
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IMF country report ; no. 16/211.
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| Contents |
The role of productivity growth in reducing regional economic disparities in Poland -- Female labor force participation in Poland -- Macro-financial implications of the bank tax |
| Summary |
The role of productivity growth in reducing regional economic disparities in Poland: Although Poland has enjoyed strong growth and steady income convergence with the EU over the last two decades, important disparities persist at the regional level. Per-capita income is higher in the west--which is integrated into the German supply chain and enjoys higher levels of FDI--than in the east--where the economy depends more on less productive agriculture. Despite strong overall economic growth, the east has not been catching up to the west. This chapter identifies policies to increase productivity in the east, reduce regional income disparities, and promote overall income convergence. This would require improving educational attainment and reducing skill mismatches in the east, scaling up public infrastructure to attract investment to less productive regions, and facilitating labor mobility |
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Female labor force participation in Poland: Poland is facing a rapidly aging population, which is expected to weigh on public finances and economic growth. Yet, there is an important underutilized source of qualified labor--Poland's women. Women in Poland are on average just as educated as men and have a longer potential working lifespan. Nonetheless, female labor force participation is low relative to that for men and low relative to that in many other European countries. Unlocking this valuable source of growth would require leveling the playing field between men and women in the workplace, including by providing high-quality affordable childcare for young children, removing tax disincentives for the second earner in a family, and allowing the retirement age to increase as envisaged by the 2013 reforms. For Poland to unleash its full economic potential, it needs to embrace the vital contribution that women can make to its economy |
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Macro-financial implications of the bank tax: While the Polish banking sector is still generally healthy, bank profitability has recently declined reflecting narrowing interest margins and other costs on banks. Going forward, the new bank asset tax is expected to further dampen bank profits and a prolonged low-interest-rate environment is likely to continue to weigh on bank returns.2 Using bank-level data, this chapter analyzes the potential impact on bank profitability of the recently implemented bank asset tax. Furthermore, to examine macro-financial linkages, it undertakes an aggregate analysis to estimate implications for credit growth and economic activity. The chapter concludes with a summary of findings and policy recommendations |
| Notes |
"July 2016." |
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"June 10, 2016; approved by European Department; prepared by Lone Christiansen, Krzysztof Krogulski, and Robert Sierhej, Aaron Thegeya, and Yorbol Yakhshilikov"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Notes |
Description based on online resource; title from pdf title page (IMF.org website, viewed August 8, 2016) |
| Subject |
International Monetary Fund -- Poland
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| SUBJECT |
International Monetary Fund. fast (OCoLC)fst00556666 |
| Subject |
Regional disparities -- Poland
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Industrial productivity -- Poland
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Labor productivity -- Poland
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Women -- Employment -- Poland
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Banks and banking -- Taxation -- Poland
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Banks and banking -- Taxation.
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Industrial productivity.
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Labor productivity.
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Regional disparities.
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Women -- Employment.
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Poland.
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| Form |
Electronic book
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| Author |
Krogulski, Krzysztof, author, (IMF staff)
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Sierhej, Robert, author, (IMF staff)
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Thegeya, Aaron M. (Aaron Miruri), 1981- author, (IMF staff)
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Yakhshilikov, Yorbol, author, (IMF staff)
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International Monetary Fund, publisher.
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International Monetary Fund. European Department, sponsoring body.
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| ISBN |
9781475525632 |
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147552563X |
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