ARTICLE
ABSTRACT
In the beginning of the theoretical part of the paper the macroeconomic concepts of the demand for labour in condition of technical progress and in process of changing the capital was presented. Then some assumptions for dynamic model describing the relationship between the rates of employment growth and the rates of GDP growth were formulated. In the empirical part of the paper same selected estimated versions of the considered model for Polish economy were presented. In the process of estimation the quarterly statistical data from 1996 q. 1 to 2008 q. 4 were applied. During the specification, estimation and verification processes were taking into account assumptions which were formulated for considering cause-effect relationship. As a result of this specification procedure two periods of time were separated. For them the short and long run effects of influence the technical progress into the employment rate of growth were not similar. Moreover, the limited GDP rates of growth for which the employment rate of growth was positive had been estimated. Limited rate for the period from 1996 q. 1 to 2004 q.2 was equal to 4.55%. For the period from 2004 q.3 to 2008 q.4 this limited GDP rate of growth was smaller, equal to 2.56%. The last result is similar to the level of this type of parameter which characterized majority of West European countries.
KEYWORDS
employment, economic growth, labor demand, GDP dynamic, employment dynamic, technical progress, function of production
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