Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

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Volume 1 (15) Number 1 pp. 89-102

Jacek Wallusch

Instytut Kliometrii i Badań nad Transformacją, Poznań, Poland

(Un)finished transition. Stock of knowledge in Poland, 1924–2012

Abstract:
Technological underdevelopment of the Polish economy has been remarkably
persistent. In this paper I focus on the stock of knowledge, approximated by the
10% depreciation rate of accumulated patents granted in Poland, to show its longterm
structure and to distinguish its growth phases. I test for long memory and run
a Markov-switching autoregressive model. The stock of knowledge is found to be nonstationary
and mean reverting. I also discover two well-separated regimes representing
slower and faster changes in the stock of knowledge. The latter regime characterises
the years between the 1920s and mid-1950s (interrupted by the Great Depression and
World War II), mid-1970s and the period after accessing the EU.
pub/2015_1_89.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume15/issue1/2015_1_89.pdf
Keywords: patents, transition, stock of knowledge

DOI: 10.18559/ebr.2015.1.7

For citation:

MLA Wallusch, Jacek. "(Un)finished transition. Stock of knowledge in Poland, 1924–2012." Economics and Business Review EBR 15.1 (2015): 89-102. DOI: 10.18559/ebr.2015.1.7
APA J., W. (2015). (Un)finished transition. Stock of knowledge in Poland, 1924–2012. Economics and Business Review EBR 15(1), 89-102 DOI: 10.18559/ebr.2015.1.7
ISO 690 WALLUSCH, Jacek. (Un)finished transition. Stock of knowledge in Poland, 1924–2012. Economics and Business Review EBR, 2015, 15.1: 89-102. DOI: 10.18559/ebr.2015.1.7