Political connections and the super-rich in Poland

Katarzyna Sałach-Dróżdż and Michał Brzeziński

Economic Systems, 2022, vol. 46, issue 4

Abstract: We study the impact of political connections of the richest Poles on their wealth level, mobility among the rich, and the risk of dropping off the rich list. We use newly collected original panel data (2002–2018) and we find that none of the variables capturing political connections of Polish multimillionaires is consistently related neither to the size of the largest fortunes in Poland nor to the chances of upward mobility on the rich list. While we find that political connections are related to a lower probability of moving down on the rich list, we also obtain that they increase the risk of falling off the list. Our results show that, contrary to some other post-socialist countries such as Russia or Ukraine, there is little evidence that the Polish economy suffers from crony capitalism.

Keywords: Wealth; Political economy; Capitalism; Eastern Europe; Inequality; The super-rich (search for similar items in EconPapers)
JEL-codes: D31 D63 P36 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Political connections and the super-rich in Poland (2020)
Working Paper: Political connections and the super-rich in Poland (2020)
Working Paper: Political connections and the super-rich in Poland (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecosys:v:46:y:2022:i:4:s0939362522001017

DOI: 10.1016/j.ecosys.2022.101039

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