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Analysis of the Cobb-Douglas Production Function as a Tool to Investigate the Impact of FDI Net Inflows on Gross Domestic Product Value in Poland in the Period 1994-2012

100%
Kosztowniak A.
Oeconomia Copernicana
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2014
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vol. 5
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issue 4
169-190
EN
The purpose of this paper is to analyse the impact of foreign direct investments net inflows on changes in GDP value in Poland in the period between 1994 and 2012 with the use of the Cobb-Douglas production function. The paper consist of five parts. Parts I and II present some aspects of the FDI influence on economic growth from the theoretical and empirical point of view. Part III defines conditions indispensable for the positive FDI impact on the economy of the host country. Part IV outlines changes of FDI flows in Poland in the period of 1994-2012. Part V includes the main assumptions of the Cobb-Douglas production function and an estimate of changes in GDP value for Poland in the period 1994–2012 with the use of the VECM. The factors significant for economic growth are also identified, including the significance of the net FDI inflows. Eventually, the effect of gross fixed capital formation, employment, FDI net inflows, exports and R&D on changes in the GDP value are determined.
2
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Przestrzenne efekty zewnętrzne inwestycji infrastrukturalnych. Przypadek Galicii

100%
Rosik P.
Gospodarka Narodowa. The Polish Journal of Economics
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2007
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vol. 213
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issue 1-2
83-97
EN
This paper sets out to provide evidence for the existence of spatial spillovers linked with the development of transport infrastructure. The author makes an attempt to measure the influence of both regional infrastructure (direct effect) and non-regional infrastructure (indirect effect) on gross value added generated in a region. In doing so, Rosik builds a bridge between the growth theory and the New Economic Geography concept. The author considers the case of Spain’s Galicia region in 1980-2000. The analysis makes use of the Cobb-Douglas production function, expanded to include transport infrastructure with the use of Spanish statistical data. The analysis confirmed the existence of negative spatial spillovers linked with infrastructure investment projects in this outlying district of Spain. The data shows that gross value added is positively correlated to the development of transport infrastructure in Galicia, but negatively correlated to the development of transport infrastructure in neighboring regions. The research findings confirm theoretical conclusions reached by economists linked with the so-called New Economic Geography theory to the effect that intraregional infrastructure has a positive influence on the development of outlying regions, while interregional infrastructure may lead to a deepening of regional disparities. This stems from the fact that, thanks to reduced transaction costs in interregional trade, companies are tempted to relocate their operations to more affluent regions. Rosik’s findings, supported by other empirical studies and theoretical discussions, are especially significant to Poland’s eastern regions, which are less developed than the rest of the country.
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Opłacalność substytucji nawozów mineralnych środkami ochrony roślin w procesie produkcji roślinnej

63%
Niezgoda D.
Zagadnienia Ekonomiki Rolnej
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2015
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issue 3(344)
3-18
EN
This study assesses, from the economic perspective, cost-effectiveness of substitution of variable factors, i.e. mineral fertilisers (SE295), with plant protection products (SE300) in the process of crop production of commercial farms in Poland. The analysis was based on the Cobb-Douglas production function model, which was to analyse substitution of the factors. In 2010, the surveyed sample covered 8,583 and in 2011 – 8,378 of commercial farms. From the economic perspective, substitution of mineral fertilisation with plant protection products was beneficial for improvement of crop production efficiency of commercial farms. In 2010, this resulted from three times higher (3.01) rate of transformation of the plant protection product factor into plant bioproduct. In 2011, the ratio amounted to 2.65 to the advantage of plant protection products. The higher the difference between the rates the higher the economic viability of substitution between substitutes.
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