Price Volatility in Macroeconomic Structure of Production in Poland
Journal Title: Acta Scientiarum Polonorum. Oeconomia - Year 2017, Vol 0, Issue 0
Abstract
In this article an empirical analysis of price volatility was conducted, on the basis of Polish macroeconomic data from 2010–2016 and theoretical framework proposed by Austrian School of Economics. The research was carried out using a number of statistical methods used on price indices representing different stages of production. The analysis allowed to establish conclusions about differing degree of price movements throughout Polish economy and its sectors, where prices of goods produced at the beginning of the structure were characterised by higher volatility than those produced in other branches. No statistically significant difference in price volatility was noted between consumer goods and intermediate goods stage.
Authors and Affiliations
Dawid Stanisław Bródka, Marcin Chciałowski
Keywords
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- EP ID EP313293
- DOI 10.22630/ASPE.2017.16.3.28
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