Polish and European Union economy in 2011–2019 and under the Covid pandemic
Application of macroeconomic condition index
Bibliographic Data
| ID | 21282012 |
|---|---|
| Authors | Paweł Błaszczyk (0000-0001-5104-1337, Poznań University of Economics and Business), Sebastian Stępień (0000-0001-9475-8418, Poznań University of Economics and Business), Jan Polcyn (0000-0001-7847-2743, Stanislaw Staszic State University of Applied Sciences in Pila, Pila, Poland) |
| Year | 2023 |
| Volume | 73 |
| Issue | 2 |
| Pages | 217-230 |
| Publication date | 2023-06-20 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Acta Oeconomica (JOURNAL) |
| Journal identifiers | ISSN: 0001-6373 • E-ISSN: 1588-2659 |
| Publisher | Akademiai Kiado Zrt. (PUBLISHER • HU) |
| DOI | 10.1556/032.2023.00013 |
| OpenAlex | W4381511076 |
| Language | EN |
| Citations received | 1 |
| References cited | 5 |
A set of simple and complex indicators is used to measure the economic condition of economies, and the analysis can be conducted in a static or dynamic approach. This article proposes the author's macroeconomic condition index (MCI), which is based on the popular misery index, supplementing the unemployment and inflation rates with two variables: GDP growth rate and budget deficit. The aim of the study is to assess the macroeconomic situation of Poland against the average for the EU, using the above-mentioned measure. The time scope of the study covers the years 2011–2020, with particular emphasis on the effects of the first year of the Covid crisis. The results indicate that throughout the period the economic situation in Poland in terms of the four variables combined was relatively favourable, although less stable. A sharp downturn occurred in 2020, both domestically and on average in the EU. The main determinants of the worse condition were a decline in the GDP growth rate and an increase in the budget deficit, with relatively steady unemployment and inflation
Coronavirus disease 2019 (COVID-19) · Deficit spending · Economics · European union · Index (typography) · Inflation (cosmology) · International economics · Macroeconomics · Monetary economics · Real gross domestic product · Recession · Unemployment · Business and Economic Development · COVID-19 impact on air quality · COVID-19 Pandemic Impacts · Medicine
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2026 - 2026 (1) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 1 |