Labor productivity in Poland in the regional breakdown

Abstract

The first part of this article presents the essence of intellectual-institutional capital. It is part of the capital of the country which finances intellectual and institutional resources. The quality of those resources contributes to the sustainable growth of an economy. The second part provides rules of measuring of the institutional-intellectual capital. Reliably stated level of this capital is an information regarding implementation of the sustainable development paradigm. In order to measure intellectual-institutional capital, labor productivity indicator was used, derived based on the concept of analytical production function. This is a function of seven variables, reflecting the actual way of composing of production factors in the process of products formation and their market realization. This indicator integrates technical equipment of labor, assets turnover, returns on assets, and the level of human capital remuneration. The pursuit of sustainable development is a politically- -economic goal, which reflects stable increase of the labor productivity factor. In-depth analysis of the sustainability of economic growth can be provided by regional labor productivity analysis. The last part of the paper presents the results of measuring labor productivity in Poland by region. The results indicate that the level of labor productivity is 2.12, what is typical for developing countries. At the same time, the results indicate significant distance to developed countries, where the value of labor productivity exceeds 3. In turn, the results of the measurement of regional labor productivity indicate another problem, reflected in large differences between regions. It proves the development of Poland to be uneven.