Wpływ zewnętrznych cykli koniunkturalnych na polską gospodarkę

• Authors: Fundowicz Jacek , Wyżnikiewicz Bohdan

Abstracts

EN

Economic convergence in the developed world takes place due to “factors of natural development” and results in gradual convergence of economic cycles. Analysis of signal and impulses connected to business cycles shows that the primary signals are generated by the American economy. Influence of American economy on European Union economy is important and similarly European Union influences economic cycles in Polish economy. International trade is a channel of transmission of business cycles. Other ways of transmission are intemational Capital markets and activity of global financial investors and activity of transitional corporations. Influence of European Union on Polish economy results from strong trade relation and advanced accession process. Impact of US economy on Poland is connected to a traditionally position of American dollar, number one world currency. Direct influence of American economy on Poland is, however, weakening due to importance of business cycles impulses coming from European Union. Poland, as the Netherlands and Austria will be economically morę dependant from strong German economy. Observed in 2001 diminished share of Germany as Poland’s trade partner results from temporary weaker business cycle situation in Germany.

• Publisher: Szkoła Główna Handlowa w Warszawie
• Journal: Prace i Materiały Instytutu Rozwoju Gospodarczego SGH
• Year: 2002
• Volume: 72
• Pages: 259-270

Contributors

author

Fundowicz Jacek

author

Wyżnikiewicz Bohdan