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2022 | 56 | nr 1 | 61--77
Tytuł artykułu

State Capitalism in Poland

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Theoretical background: The article is devoted to the knowledge gap in understanding processes of growing state interventionism in a number of post-communist countries, Poland being one of the most notable examples. This evolution is still understudied in the literature, both in terms of evidence and proper theoretical framework. Existing theoretical perspectives have been created for studying other types of economies an do not fully fit the transition ones. Among these perspectives, the state capitalism (SC) one seems to be the most promising.

Purpose of the article: The task of this paper is to study the growing state interventionism in Poland using the state capitalism approach which had to be refined by the authors in order to be more applicable for analyzing transition economies. Using this framework, the history of SC formation and its present state in Poland are studied, including specific features of Polish state capitalism, e.g. the importance of the state-owned enterprise (SOE) sector as the source of rents, as well as the varieties of the state control over the enterprise sector.

Research methods: The article makes use of mostly qualitative methods, quantitative ones playing an auxiliary role by systematizing evidence used in qualitative research. The study was based on analysis of the existing literature and evidence of interventionist practices of the Polish government. The authors attempted to fine-tune the SC approach both through refining its definition and including areas previously mostly neglected by SC studies such as relationships between the state and the enterprise sector. They created a typology of SC phenomena in transition economies which made it possible to study the Polish case in a comprehensive way.

Main findings: At this stage, the authors think that no strict definition of state capitalism is possible because of its highly contextual character. Thus, the outcome of the study may not be universal, but the authors believe that their concept of six basic features of state capitalism may be applicable not only to Poland, but to other transition economies as well. Besides, the article raises awareness of the importance of state-controlled enterprises in studies on state capitalism. The article also identifies challenges for further research and the still existing knowledge gaps. Among others, the questions remain, whether the statist trends in Poland and other countries lead to a system change and what are the roots of these trends.(original abstract)
Rocznik
Tom
56
Numer
Strony
61--77
Opis fizyczny
Twórcy
  • Uniwersytet Marii Curie Skłodowskiej w Lublinie
  • Uniwersytet Marii Curie-Skłodowskiej w Lublinie
Bibliografia
  • Bałtowski, M., & Kozarzewski, P. (2014). Zmiana własnościowa polskiej gospodarki 1989-2013. Warszawa: PWE.
  • Bałtowski, M., & Kozarzewski, P. (2016). Formal and Real Ownership Structure of the Polish Economy. State-owned versus State-controlled Enterprises. Post-Communist Economies, 28(3), 405-419. doi:10.1080/14631377.2016.1196885
  • Bałtowski, M., & Sękowski, S. (2021). Oligarchia w Polsce - dlaczego jej nie ma? Sprawy Międzynarodowe, 73(4), 19-38. doi:10.35757/SM.2020.73.4.01
  • Błaszczyk, B. (2017, November 30 - December 1). Privatization Reversal and Crowding Out the Private Business. Polish Examples. The 3rd SVOC International Conference "The Role of State in Varieties of Capitalism" organized by CEU, Budapest, Hungary.
  • Bortolotti, B., & Faccio. M. (2009). Government Control of Privatized Firms. Review of Financial Studies, 22(8), 2907-2939. doi:10.1093/rfs/hhn077
  • Bower, J.L., Leonard, H.B., & Paine, L.S. (2011). Capitalism at Risk: Rethinking the Role of Business. Brighton, MA: Harvard Business Review Press.
  • Bremmer, I. (2010). The End of the Free Market: Who Wins the War Between States and Corporations? European View, 9(2), 249-252. doi:10.1007/s12290-010-0129-z
  • Daiser, P., Ysa, T., & Schmitt, D. (2017). Corporate Governance of State-owned Enterprises: A Systematic Analysis of Empirical Literature. International Journal of Public Sector Management, 30(5), 447-466. doi:10.1108/IJPSM-10-2016-0163
  • Farkas, B. (2016). Models of Capitalism in the European Union. Post-crisis Perspectives. London: Palgrave Macmillan. doi:10.1057/978-1-137-60057-8
  • Glaeser, E., Scheinkman, J., & Shleifer, A. (2003). The Injustice of Inequality. Journal of Monetary Economics, 50(1), 199-222. doi:10.1016/S0304-3932(02)00204-0
  • Hellman, J., Jones, G., & Kaufmann, D. (2003). Seize the State, Seize the Day: State Capture and Influence in Transition Economies. Journal of Comparative Economics, 31, 751-773. doi:10.1016/j.jce.2003.09.006
  • Kozarzewski, P. (2021). State Corporate Control in Transition: Poland in a Comparative Perspective. Cham: Palgrave Macmillan. doi:10.1007/978-3-030-78562-8
  • Kozarzewski, P., & Bałtowski, M. (2017). Change in the Ownership Policy Paradigm in Poland: State Control vs. Privatisation. Acta Oeconomica, 67(1), 1-20. doi:10.1556/032.2017.67.1.1
  • Kurlantzick, J. (2016). State Capitalism: How the Return of Statism is Transforming the World. New York: Oxford University Press.
  • Magyar, B. (2016). Post-communist Mafia State: The Case of Hungary. Budapest: CEU Press.
  • Musacchio, A., & Lazzarini, S.G. (2012). Leviathan in Business: Varieties of State Capitalism and their Implications for Economic Performance. Harvard Business School Working Paper No. 12-108.
  • Musacchio, A., Lazzarini, S.G., & Aguilera, R.V. (2015). New Varieties of State Capitalism: Strategic and Governance Implications. The Academy of Management Perspectives 29(1), 115-131. doi:10.5465/amp.2013.0094
  • Rapacki, R. (Ed.) (2019). Diversity of Patchwork Capitalism in Central and Eastern Europe. London: Routledge.
  • Sonin, K. (2003). Why the Rich May Favor Poor Protection of Property Rights. Journal of Comparative Economics, 31(4), 715-731. doi:10.1016/j.jce.2003.09.005
  • Szarzec, K., & Nowara, W. (2017). The Economic Performance of State-owned Enterprises in Central and Eastern Europe. Post-Communist Economies, 29(3), 375-391. doi:10.1080/14631377.2017.1316546
  • Wright, M., Wood, G., Musacchio, A., Okhmatovskiy, I., Grosman, A., & Doh, P. (2021). State capitalism in international context: Varieties and variations. Journal of World Business, 56(2), 1-16. doi:10.1016/j.jwb.2020.101160
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171657002

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