Do Foreign Direct Investment and Savings Promote Economic Growth in Poland?

• Autorzy: Özgür Bayram Soylu
• Języki publikacji: EN

Abstrakty

EN

This study aims to investigate the impact of savings and foreign direct investment on economic growth in Poland. Savings play an important role in achieving sustainable growth. High saving rates are also an important tool to increase resilience to financial shocks. The economic climate that emerged following the financial crisis revealed problems with the economy of Poland to obtain foreign financing. The decrease in foreign direct investment has led to an unpredictable economic environment for developing countries such as Poland. The decrease in foreign direct investment has led to lower growth rates for an emerging market such as the economy of Poland. The relationship economic growth rate, saving and foreign direct investment are examined for Poland over the period 1992-2016 by using the Autoregressive Distributed Lag (ARDL) bounds testing approach. According to this approach there is a cointegration relationship between the series and a 1% increase in savings which leads to a 0.81% increase on economic growth rate. Also a 1% increase in foreign direct investment (FDI) leads to a 1.52% increase in the economic growth rate. (original abstract)

Słowa kluczowe

EN

Economic growth; Economic growth model; Savings rate; Direct investments

PL

Wzrost gospodarczy; Model wzrostu gospodarczego; Stopa oszczędności; Inwestycje bezpośrednie

• Czasopismo: Economics and Business Review
• Rocznik: 2019
• Tom: 5 (19)
• Numer: nr 4
• Strony: 3--22

Twórcy

autor

Özgür Bayram Soylu

• Kocaeli University, Turkey

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Identyfikatory

DOI

10.18559/ebr.2019.4.1