The aim of the research presented in this paper is to present the relations between labour and capital in the national economy, resulting from technological and structural changes taking place in the years 1991 to 2008. The structure of the paper is as follows. It first presents the functional determinants for the Polish economy in 1991-2008 affecting the phenomenon subject to study. Then it presents the preliminary analysis of relations between capital and labour and their impact on the GDP. In order to achieve the set empirical objective, in the last part of the paper the authors use the econometric methods of description and inference based on the concept of macroeconomic Cobb-Douglas production function in both static and dynamic approach.
Authors
Additional information
- DOI
- Digital Object Identifier link open in new tab 10.5709/ce.1897-9254.31
- Category
- Publikacja w czasopiśmie
- Type
- artykuły w czasopismach recenzowanych i innych wydawnictwach ciągłych
- Language
- angielski
- Publication year
- 2012
