Antyefektywnościowe oddziaływanie inflacyjnego ruchu cen

Abstract

The article aims at showing - on the basis of the analysis of financial data that an upward movement of prices results in anti-effectlvenees behaviours of companies generated by the resulting income redistribution effects. Tim analysis presented in the article Is of an empirical character and it rests upon 31 dynamics indices and 38 indices incorporating a profitability rate and tax deduction, as well as other financial-type relations. The indices were estimated on the basis of data gathered in two groups of companies (18 and 43 respectively) for the period 1985-1987. Facing the Impact of redistribution effects in costs (due to increases of prices for industrial supplies) companies were rasing prices of their final products at a rate corresponding more or less to a rate of growth of prices for industrial suplies. Companies were responding to price Increases by raising wages at a rate lower than the rate of growth of prices. Another measure adopted by them were changes in assortment structure prompted by a desire to reduce the burden of turnover tax. All those measures taken by companies were affected by redistributive steps adopted by the central authorities in relation to financial effects of companies in the form of tax reliefs, which ultimately led to inability of companies to pursue socially-rational behaviours .