GDP Fluctuation and Changes in Consumption and Investment. Comparative Analysis of Polish Economy and Some Countries of the European Union

• Authors: Joanna Rydarowska-Kurzbauer
• Languages of publication: EN

Abstracts

EN

The turn of the century was full of dynamic and multi-dimensional changes in the global economy. The most spectacular phenomena may include financial crises. They exerted influence not only on the economy, in which they appeared, but as a result of deepening of globalization, spread "infecting" others. The purpose of this article was an attempt to find similarities in the dynamics of changes in production and global demand that characterized the economy of the selected European Union countries. The starting point was to show the dynamics of gross domestic product (GDP) in selected countries and to find similarities between them. In the next section, attention was focused on the changes in the two components of aggregate demand: consumption and investment, particularly on their correlation with the rate of change of GDP. For analysis and comparisons, the following economies were selected: the economy of the European Union (represented by the euro zone) and the economy of Central and Eastern Europe.

Keywords

EN

dynamics of change in GDP; consumption; investment; similarity of changes in the dynamics of production and global demand in selected EU Countries

• Publisher: Instytut Badań Gospodarczych
• Journal: Equilibrium. Quarterly Journal of Economics and Economic Policy
• Year: 2012
• Volume: 7
• Issue: 3

Dates

published

2012

online

2012-06-10

Contributors

author

Joanna Rydarowska-Kurzbauer

• Politechnika Slaska, WOIZ, ROZ5, ul. Roosevelta 26-28, 41-800 Zabrze, Poland

Identifiers

DOI

10.12775/EQUIL.2012.018