ECONOMIC RESILIENCE OF POLISH REGIONS AND ITS DETERMINANTS IN THE PERIOD OF COVID-19 PANDEMIC
Marcin Bogdanski ()
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Marcin Bogdanski: Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn
OLSZTYN ECONOMIC JOURNAL, 2023, vol. 18, issue 2, 207-219
Abstract:
The aim of the research was to identify, based on available literature, factors determining the level of economic resilience of Polish regions and then verify whether they actually contributed to a more effective amortization of the demand and supply shock caused by the COVID-19 pandemic. The thesis was put forward that regions with a diversified and competitive production and employment structure experienced the negative effects of the economic slowdown to a lesser extent in the initial period of the pandemic and built their production potential faster in the following years. Based on the results obtained, the relationship between the level of diversification of the production structure and the economic resilience of the studied regions was not confirmed. On the other hand, it was noticed that voivodeships with a competitive production structure were more likely to experience a decline in the growth rate of GDP per capuita in the year of the outbreak of the pandemic. At the same time, in subsequent periods they returned to a relatively dynamic path of economic growth more quickly.
Keywords: economic resilience; economic growth; economic activity (search for similar items in EconPapers)
JEL-codes: O18 R11 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ole:journl:v:18:y:2023:i:2:p:207-219
DOI: 10.31648/oej.10067
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