Conventional econometric analysis using VEC suggests that there is a long-term relationship between nominal world GDP and nominal world exports. The analysis cannot say anything about the causal relationships between the levels of GDP and exports. But it says a lot about the rules governing the...

There are good reasons to assume that in the longer term Poland's economic growth will be unimpressive at best. This pessimistic judgement, however, does not reflect a sceptical evaluation of Poland's potential, but rather an evaluation of the merits of the current international economic order....