The conditions of economic growth in the period following the economic crisis and the prognostic aspect of GDP of Poland in the period of crisis 2008-2010

The elaboration concerning the economic growth conditions and the state of economy after social-economic crisis 2008 includes the aspects of the environment that stimulates the growth GDP dynamics. The attention is paid to the prognostic features of the economic growth dynamics. In the empirical part, the economic growth dynamics in the period 1998-2010 was interpreted with the application of two-equation vector autoregressive (VAR) model. The forecasts of the indicators of the economic growth dynamics were determined for the following quarters of year 2010. The results of the estimation indicated a statistical significance of the influence of important macro-economic variables upon the growth dynamics.

gross domestic product (GDP), dynamics of production growth, forecast of the quarterly growth dynamics, vector autoregressive model