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Financialization in the Regional Aspect. An Attempt to Measure a Phenomenon.

Agata Gemzik-Salwach
Agata Gemzik-Salwach
 and 
Paweł Perz
Paweł Perz
   | May 07, 2019
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Published Online: May 07, 2019
Page range: 56 - 66
DOI: https://doi.org/10.1515/ceej-2018-0008
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© 2018 A. Gemzik-Salwach, P. Perz, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Fig. 1

The average value of the financialization index and its components in 2005–2015
The average value of the financialization index and its components in 2005–2015

Dimensions of regional financialization and indicators of the degree of development of the financial sector in the regions

Dimensions of regional financializationIndicators of the degree of financializationSymbol
Value added in financial sector in the regionvalue added in financial sector in the regiontotal value added in the region$ \frac{\text{value added in financial sector in the region}}{\text{total value added in the region}}$A
The labor market created by institutions from the financial sector in the regionnumber of employees in the financial sector in the regionnumber of employees in the region$\frac{\text{number of employees in the financial sector in the region}}{\text{number of employees in the region}}$B

Regional financialization index for individual voivodeships in 2009–2015

20052006200720082009201020112012201320142015
Dolnośląskie0.600.590.650.760.630.570.560.430.480.510.42
Kujawsko-Pomorskie0.530.490.530.490.410.470.390.310.350.400.29
Lubelskie0.820.830.900.810.660.640.580.530.510.550.45
Lubuskie0.500.470.490.500.360.350.410.240.220.230.15
Łódzkie0.550.530.540.540.410.540.580.470.420.490.40
Małopolskie0.640.630.650.530.420.380.410.350.330.420.32
Mazowieckie1.471.491.681.521.441.501.571.451.531.651.46
Opolskie1.261.401.291.150.931.011.120.870.820.870.71
Podkarpackie0.570.550.530.440.310.290.290.180.140.150.05
Podlaskie0.650.640.560.560.410.490.540.360.360.400.28
Pomorskie1.110.920.950.810.640.680.800.740.770.740.62
Śląskie0.420.400.430.400.340.370.400.310.330.350.26
Świętokrzyskie0.460.380.350.280.180.220.180.100.100.100.02
Warmińsko-Mazurskie0.630.600.600.650.500.500.430.330.350.380.29
Wielkopolskie1.071.101.151.040.740.870.930.760.760.850.68
Zachodniopomorskie0.630.670.680.600.450.490.590.410.420.440.35
Mean0.740.730.750.690.550.590.610.490.490.530.42

Value added in financial sector as a percentage of total value added in the region

20052006200720082009201020112012201320142015
Dolnośląskie98.89.39.498.78.788.38.58
Kujawsko-Pomorskie9.18.898.88.38.58.17.57.687.4
Lubelskie11.911.912.211.610.810.710.4109.910.29.5
Lubuskie98.9998.18.38.77.77.67.77.2
Łódzkie9.59.49.59.58.79.39.58.88.698.5
Małopolskie10.310.110.39.68.78.78.98.48.38.88.2
Mazowieckie12.812.813.712.712.412.612.81212.613.312
Opolskie9.39.89.48.98.18.48.87.97.77.97.3
Podkarpackie10.310.210.29.68.8998.388.17.5
Podlaskie10.610.510.110.19.29.7108.88.99.28.5
Pomorskie11.710.310.61099.29.399.49.48.8
Śląskie8.28.18.48.27.67.98.17.57.67.87.3
Świętokrzyskie9.89.39.18.68.18.48.27.77.77.77.3
Warmińsko-Mazurskie109.810109.29.48.98.38.58.78.3
Wielkopolskie8.68.78.98.57.47.98.17.57.57.87.2
Zachodniopomorskie9.49.59.69.28.38.79.38.48.48.68.1
Mean10.09.810.09.68.99.19.28.58.58.88.2

Employment in the financial sector as a percentage of total employment in certain voivodeships

20052006200720082009201020112012201320142015
Dolnośląskie4.34.44.35.04.54.44.34.24.24.14.1
Kujawsko-Pomorskie3.63.73.73.73.63.83.73.84.03.93.8
Lubelskie2.52.52.72.72.52.52.42.42.42.42.4
Lubuskie3.43.33.33.43.43.13.13.02.92.92.9
Łódzkie3.33.23.23.23.13.43.53.53.33.43.3
Małopolskie3.03.13.13.03.22.92.93.03.03.13.0
Mazowieckie6.66.77.27.26.97.17.47.47.47.57.5
Opolskie9.39.89.48.98.18.48.87.97.77.97.3
Podkarpackie2.42.32.22.22.21.81.81.71.71.71.6
Podlaskie2.72.72.62.62.52.52.52.52.52.42.3
Pomorskie5.05.25.24.74.64.75.65.45.24.94.7
Śląskie3.83.83.63.73.93.83.83.83.83.73.6
Świętokrzyskie2.12.12.12.22.01.91.91.81.81.81.7
Warmińsko-Mazurskie3.33.33.03.53.23.03.03.02.92.82.7
Wielkopolskie8.68.78.98.57.47.98.17.57.57.87.2
Zachodniopomorskie4.14.24.24.03.93.73.83.53.63.53.4
Mean4.24.34.34.34.14.14.24.04.04.03.8
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