Front Matter Page
IMF Country Report No. 16/211
REPUBLIC OF POLAND
SELECTED ISSUES
July 2016
This Selected Issues paper on the Republic of Poland was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on June 10, 2016
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Front Matter Page
REPUBLIC OF POLAND
SELECTED ISSUES
June 10, 2016
Approved By
European Department
Prepared By Lone Christiansen, Krzysztof Krogulski, Robert Sierhej, Aaron Thegeya, and Yorbol Yakhshilikov
Contents
THE ROLE OF PRODUCTIVITY GROWTH IN REDUCING REGIONAL ECONOMIC DISPARITIES IN POLAND
A. Regional Disparities and Income Convergence
B. Regional Productivity in Poland: Stylized Facts
C. Empirical Analysis
D. Conclusions and Policy Recommendations
BOXES
1. Poland: Regions
2. Poland: The Role of Structural Transformation and Cross-Regional Reallocation of Labor in Productivity Growth
FIGURES
1. Poland: Regional Economic Disparities
2. Poland: Structural Indicators and Labor Productivity
3. Poland: Structural Transformation in Agriculture
References
APPENDICES
I. Regression Results
II. Econometric Model
III. Decomposition of Growth by Sector and Region
FEMALE LABOR FORCE PARTICIPATION IN POLAND
A. Introduction
B. Stylized Facts
C. Drivers of Female Labor Force Participation
D. Policies in Poland
E. Conclusion
BOX
1. Selected Countries: What Have Other Countries Done? The Nordic Perspective
FIGURES
1. Selected Countries: Aging Populations
2. Selected Countries: Female Labor Force Participation in Europe
3. Selected Countries: Education and Part-time Employment
4. Selected Countries: Senior Positions Held by Women, 2013
5. Selected Countries: Attitudes Toward Women Working
6. Selected Countries: Participation Tax Rates for Second Earner, 2013
7. Selected Countries: Family Policy
8. Selected Countries: Leave Policy
9. Poland: Effective Retirement Age for Women, 2005–14
10. Selected Countries: Fertility and Public Expenditure
References
MACRO-FINANCIAL IMPLICATIONS OF THE BANK TAX
A. Introduction
B. Bank-Level Analysis: Impact on Bank Profitability
C. Aggregate Analysis: Macro-Financial Implications
D. Summary of Findings and Policy Recommendations
FIGURES
1. Selected Countries: Financial Soundness Indicators
2. Poland: Factors Contributing to the Recent Drop in Bank Profitability
3. Poland: New Factors Contributing to the Decline in Bank Profitability
4. Poland: Profitability of Banks: Impact Analysis
5. Poland: Effect of Asset Tax on the Real Economy
References
APPENDIX
I. Methodology