List of issues

Contents of issue 9/2005

Andrzej Wojtyna - Alternative Models of Capitalism, abstract, article

Barbara Doebeli, Marcin Kolasa - Changes in the Prices of Goods and Their Effect on the Growth of Gross Domestic Product in Poland, the Czech Republic and Hungary, abstract, article

Jacek Prokop - Monopolization Through Acquisition, abstract, article

Edward Maleszyk - Integrated Purchases in the Value Chain, abstract, article


Janusz Kaliński - Warsaw School of Economics (1906-2006): A Work of Generations, abstract, article


Integration in Podlasie - Tadeusz Smuga

Tadeusz Kowalik, Ryszard Rapacki - Remembering George Blazyca

Andrzej Wojtyna - Alternative Models of Capitalism

The article sheds new light on the ongoing debate on the search for an optimal model of capitalism. In the introduction, the author describes the causes behind the increased interest in these problems around the world and their importance for the transformation process. Part one of the article presents the evolution of views over the past decade or so on the advantages and disadvantages of the main models of capitalism. Part two highlights the external and internal factors that determine the advantages of various models. In particular, the author points to the substantial usefulness of an analytical model proposed by Dani Rodrik for the understanding of the political and economic dilemmas faced by individual countries in the course of globalization. The third part focuses on the presentation of individual models of capitalism proposed by the main participants in the debate. In the context of Poland’s European Union membership, a proposal by Bruno Amable that concentrates on models followed in EU countries (Anglo-Saxon, Social Democratic, Continental and Mediterranean), deserves special attention. In the conclusion, the author mentions some research aspects not discussed in detail in the article and tries to establish what models are likely to prevail in the future.

Article: PDF

Barbara Doebeli, Marcin Kolasa - Changes in the Prices of Goods and Their Effect on the Growth of Gross Domestic Product in Poland, the Czech Republic and Hungary

The authors analyze the importance of the key factors behind real GDP growth in Poland against the background of two other new EU member states, Hungary and the Czech Republic. The analysis makes use of an “index decomposition method” that directly takes into account the influence of changes in terms of trade. The authors highlight potential traps resulting from the interpretation of real GDP as an indicator of real incomes under changing terms of trade. Notably, average annual GDP growth in Poland in 1995-2002 was much higher than in other new EU member states, but in the case of real GDP growth, that prevalence proved to be much smaller. The most important factors behind GDP growth in the three analyzed countries were an increase in productivity and the accumulation of capital.

Article: PDF

Jacek Prokop - Monopolization Through Acquisition

The author examines the possibility of monopolization in a sector dominated by three enterprises through the purchase of rival businesses—assuming there are no limitations imposed by the antimonopoly office. The analysis involved two monopolization models: static and dynamic, assuming that a single buyer will seek to monopolize the sector. Unlike in other models described in literature to date, the author assumes that the owners of companies subject to acquisition use mixed strategies in their decisions on selling their enterprises. In the static model, the author says, monopolization through acquisition may prove to be profitable. However, a dynamic analysis of the issue shows that the expected profit may be much smaller than suggested by static analyses and may fail to cover the permanent costs linked with the process of acquisition. Moreover, the probability of selling an enterprise by its owner is close to zero, which puts a question mark over
the possibility of conducting effective monopolization through acquisition.

Article: PDF

Edward Maleszyk - Integrated Purchases in the Value Chain

Integrated purchases as a sign of cooperation among enterprises forming retail chains are a potential source of creating value (advantages) for the consumer. This process is carried out by the integrator as part of privileges resulting from contractual agreements with groups of enterprises. It may contribute to developing some important elements of the value chain such as a competitive range of products, competitive prices and quality, easy access to goods combined with various concessions in the process of consumer service, positive perception of a network integrated through its image and confidence in private labels, the attachment and loyalty of consumers and suppliers toward the chain etc. The article explains the essence of integrated purchases and their connection with the marketing activities of integrated retail chains oriented toward creating the value chain. For this purpose, the author uses the assumptions and concept of relationship (partnership) marketing. As a result of empirical research, the main marketing strategies linked with value creation are described. The author specifies the scope and possibilities of implementing these strategies and the conditions and chances for introducing the rules and instruments of partnership marketing to integrated groups of retail enterprises.

Article: PDF

Janusz Kaliński - Warsaw School of Economics (1906-2006): A Work of Generations

In October 1906, at the initiative of August Zieliński, Private Commercial Courses for Men were launched in Warsaw, laying the groundwork for the Warsaw School of Economics (SGH). As the school celebrates its centennial today, its status and uninterrupted presence in the Polish school system, combined with its achievements for the Polish economy, are due to the many people linked with the school over the years. Prof. Bolesław Miklaszewski, the former longtime president of the school, contributed to its academic character and its Rakowiecka Street campus. Thanks to the efforts and courage of Prof. Edward Lipiński, the school could operate under Nazi occupation. Its postwar revival was due to academics such as Prof. Jerzy Loth and Prof. Stanisław Skrzywan. After a Marxist policy was imposed on the school, Professors Jan Drewnowski, Andrzej Grodek, Michał Kalecki, Oskar Lange, Edward Lipiński, Tadeusz Peche, Paweł Sulmicki, Aleksy Wakar and others tried to maintain its high scientific standards. After the fall of communism, the system transformation made it possible for the school to return to its original name in 1991, with fundamental structural and program reforms. Since then, the school has been made famous by its graduates involved in the transformation of the Polish economy, especially Prof. Leszek Balcerowicz. Observances of the school’s jubilee in 2005-2007 are an opportunity to assess the school’s achievements over the past century and look at contemporary challenges.

Article: PDF

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