Economic Divergence between Poland and Ukraine from the Perspective of Their Balances of Payments

• Autorzy: Paweł Piotr Śliwiński

Warianty tytułu

Dywergencja gospodarcza Polski i Ukrainy z perspektywy ich bilansów płatniczych

• Języki publikacji: EN

Abstrakty

EN

The paper aims to look at the phenomenon of the economic divergence between Poland and Ukraine from the perspective of the dynamics of the balances of payments in both countries. It is assumed that the differences in the paths of economic development are reflected in the current and financial flows, which are recorded in their balances of payments. The model for testing the potential determinants of economic divergence between Poland and Ukraine resulting from their balances of payments was based on univariate linear regressions. The study was carried out based on the annual data collected from the World Bank (WDI) for the period 1995-2001. A significant positive relationship between the dynamics of the economic divergence between Poland and Ukraine was found in the dynamics of (i) trade openness, (ii) trade and services balances, (iii) capital transfers, (iv) FDI liabilities - a proxy for FDI inflows, and (v) FDI assets - a proxy for direct investments carried out by residents. The dynamics of the differences in the primary and secondary accounts between both countries were negatively correlated with the level of divergence between Poland and Ukraine. The larger differences between the GDPs of Poland and Ukraine occurred despite the deteriorating primary account in Poland and despite the large inflows of current transfers recorded in the secondary account in Ukraine. (original abstract)

Artykuł ma na celu analizę zjawiska dywergencji gospodarczej Polski i Ukrainy z perspektywy dynamiki bilansów płatniczych obu krajów. W artykule zakłada się, że różnice w ścieżkach rozwoju gospodarczego znajdują odzwierciedlenie w przepływach bieżących i finansowych, które są rejestrowane w bilansach płatniczych. Testowanie potencjalnych determinant dywergencji gospodarczej pomiędzy Polską a Ukrainą wynikających z ich bilansów płatniczych zostało oparte na jednowymiarowych regresjach liniowych. Badanie przeprowadzono na podstawie rocznych danych pozyskanych z Banku Światowego (WDI) za lata 1995-2001. Stwierdzono istotny pozytywny związek między dynamiką dywergencji gospodarczej między Polską a Ukrainą a dynamiką (i) otwartości handlowej, (ii) sald handlu i usług, (iii) transferów kapitałowych, (iv) zobowiązań z tytułu bezpośrednich inwestycji zagranicznych oraz (v) aktywów z tytułu bezpośrednich inwestycji zagranicznych. Dynamika różnic w rachunkach pierwotnych i wtórnych między obydwoma krajami była z kolei ujemnie skorelowana z poziomem dywergencji między Polską a Ukrainą. Większe różnice między PKB Polski i Ukrainy wystąpiły pomimo pogarszającego się stanu rachunku pierwotnego w Polsce i pomimo dużego napływu transferów bieżących odnotowanych na rachunku wtórnym na Ukrainie. (abstrakt oryginalny)

Słowa kluczowe

EN

Divergence; Economic growth; Direct investments; Balance of payments

PL

Dywergencja; Wzrost gospodarczy; Inwestycje bezpośrednie; Bilans płatniczy

• Czasopismo: Nierówności Społeczne a Wzrost Gospodarczy
• Rocznik: 2022
• Numer: z. nr 72
• Strony: 68--87

Twórcy

autor

Paweł Piotr Śliwiński

• Poznań University of Economics, Poland

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Identyfikatory

DOI

https://doi.org/10.15584/nsawg.2022.4.4