THE IMPACT OF INTELLECTUAL CAPITAL ON THE COMPETITIVENESS OF POLISH REGIONS

The direction of changes taking place in a global economy in recent years, indicates a transition from an industrial economy to a knowledge-based economy. Increasing the investments only in fixed assets is no longer a sufficient way to ensure sustainable economic growth. Nowadays, a factor that also determines the development is intellectual capital. The degree and the prospect of the intellectual capital development, make up an important research issue in both economic theory and business practice. Despite different views among economists about the importance of economic growth factors, the relevance of intellectual capital is considered crucial in achieving a competitive advantage. The aim of the article is to analyze the intellectual capital and its impact on the competitiveness in Polish regions. To achieve the objective, an analysis of statistical data was made and a panel model estimated on a classical method of least squares was built. For calculations, the GRETL program was used.