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Economic Dynamics and Sustainable Development – Resources, Factors, Structures and Policies

Proceedings ESPERA 2015 – Part 1 and Part 2

Edited By Luminita Chivu, Constantin Ciutacu, Valeriu Ioan-Franc and Jean-Vasile Andrei

The book is dedicated to the 150th anniversary of the Romanian Academy. It contains the most valuable 100 papers presented at the International Conference «Economic Scientific Research – Theoretical, Empirical and Practical Approaches» (ESPERA 2015). The event is initiated annually by the National Institute for Economic Research «Costin C. Kirițescu» of the Romanian Academy. ESPERA aim to present and evaluate the economic scientific research portfolio as well as to argue and substantiate development strategies, including European and global best practices. ESPERA intend to become a scientific support for the conceptualization and the establishment of policies and strategies and to provide a systematic, permanent, wide and challenging dialogue within the European area of economic and social research.

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Poland: The Pillars of Economic Growth (Alina Ligia Dumitrescu / Lucia Iordache)


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Alina Ligia Dumitrescu1 & Lucia Iordache2

Poland: The Pillars of Economic Growth

Abstract: In the past eleven years since joining the European Union, Poland has been the only member state with a constant growth trend of GDP, highlighted by higher increases over the entire period, compared with the average growth rate recorded by both the EU and Euro area. Poland had both production and consumption on a sustainable basis over this period and was the only EU member state that successfully managed to avoid the recession. Thus, the Polish economy, in 2009 and 2010, recorded some of the largest increases in the EU: 1.6% in 2009 (-4.3% in the EU) and 3.9% in 2010 (2.1%). After a slower growth rate of around 1%–2% between 2011 and 2013, growth accelerated to over 3% in 2014 and is expected to be 3.5% between 2015–2017, supported by solid domestic demand, an improvement in the labour market, the increase in real disposable income and not least by a strong investment activity. The article examines the pillars of economic growth with the main objective to highlight how this member state managed to achieve a sustainable economic growth and a good performance in attracting EU funds.

Keywords: Growth, Sustainability, Investment, Competitiveness, Innovation, European Funds

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