This paper uses obstacles to innovation to investigate the heterogeneity of Polish innovating firms. Based on the frequency with which they introduce innovations, and using data from both CIS4 (for 2002-2004) and CIS5 (2004-2006), the paper distinguishes between two groups of innovating firms:...

This paper addresses the issue of the gender pay gap in the formal and informal labour markets in Poland. The authors verify the hypothesis of the existence of a gender pay gap in informal work and compare this gap with the one observed in the formal (registered) labour market. Various analyses...

The importance of new firm creation in the post-Communist economies of East Central Europe (ECE) has been subject to extensive research. This paper focuses on an area of entrepreneurship which has received relatively little attention in the transition economy context but which is of particular...

Recently several countries, including Estonia, Latvia, Lithuania, Hungary, Poland, Romania and Slovakia, have at least partially reversed their earlier moves towards compulsory defined-contribution schemes. This paper concentrates on Poland, which just reduced contributions going to the...

At the point of introducing economic reforms in 1990 aimed at the transformation from a centrally planned to a market economy, Polish agriculture was in a different situation than other branches of the national economy. The paper provides an analyses of the economic transition experienced by the...

The present study presents the context of the enterprises and banks financial restructuring programme in Poland and its implementation in PBG S.A. The strategy of "bad debt" restructuring shown in this study stems from the macroeconomic climate in Poland at the beginning of the 1990s, existing...

This paper attempts to consider in a systematic way the developments of the public debt in the Czech Republic, Hungary, Poland and Romania during the 1990's. After a brief outline of the public indebtedness of the four countries before 1989, it examines the public debt dynamics after 1990 and...

This paper examines the critical problems of international currency derivatives that have emerged in international financial markets over the past two years, emphasizing the departures of spot exchange rate movements from the macroeconomic fundamentals among the “triad” currencies: the U.S....

The paper is organized as follows: Section 2 discusses briefly two main groups of theories that link inflation and relative price variability and provides a sketch of a survey of the literature. Section 3 takes on Ball and Mankiw's models predicting the causality from relative price variability...

The paper makes an attempt to estimate the effects of monetary policy shocks on the economy. We estimate four variables VAR system with industrial production, CPI, money market rate and exchange rate. Two policy indicators: money market interest rate and exchange rate are assumed to be...