ISSN: 0137-3056


MoSaHE points:

13



Editor in chief:
prof. dr hab. Tomasz Żylicz
tzylicz@wne.uw.edu.pl

Editorial assistant:
Marta Höffner
ekonomia@wne.uw.edu.pl
(48) 22 55 49 184

Publisher:



Relationship between foreign direct investment stock and foreign portfolio investment stock. Do they really matter for GDP in Poland, Germany, and Great Britain?

J. Kania-Morales, R. Mróz

ABSTRACT: In this paper we discuss and investigate mutual relationship between FDI and FPI stocks in 3 countries. The standard theoretical economic paradigm sharply differentiates between the two, treating them rather as substitutes from foreign investor’s perspective. Yet, some recent empirical attempts reveal that there are important similarities in their determinants and thus suggest their complementarity. Furthermore, we contribute by assessing FDI & FPI stocks’ impact on real GDPs. In this paper we present estimates of vector error correction (VEC) models’ parameters for three countries, in various settings. We find a number of interesting points – in case of Poland there seem to exist some significant long-run dependences between real GDP and stocks of FDI and FPI, which to some extent stands in opposition to inferences derived from analogical models constructed for two well-developed countries, the United Kingdom and Germany.

Full text (PDF)


Issue number: 38

In this issue:

Social and economic determinants of higher education choices in Poland
T. Gajderowicz, G. Grotkowska, J. Mycielski, L. Wincenciak
ABSTRACT | PDF
Monetary policy and nominal convergence in CEE countries with inflation targeting
Ł. Goczek, D. Mycielska
ABSTRACT | PDF
Public sector wage premium in Poland: can it be explained by structural differences in employment?
G. Grotkowska, L. Wincenciak
ABSTRACT | PDF
Wycena opcji na VIX – podejscie heurystyczne
J. Jabłecki, R. Kokoszczyński, P. Sakowski, R. Ślepaczuk, P. Wójcik
ABSTRACT | PDF
Relationship between foreign direct investment stock and foreign portfolio investment stock. Do they really matter for GDP in Poland, Germany, and Great Britain?
J. Kania-Morales, R. Mróz
ABSTRACT | PDF
The role of dynamics for trust development. An experimental study
E. Zawojska
ABSTRACT | PDF
SEARCH:



2024
2016 2015 2014 2013 2012 2011 2009 2008 2007 2005 2004 2003 2002 2001 2016