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1

Do foreign direct investment and savings promote economic growth in Poland?

100%

Soylu O. B.

Economics and Business Review

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2019

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vol. 5 (19)

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issue 4

3-22

EN

This study aims to investigate the impact of savings and foreign direct investment on economic growth in Poland. Savings play an important role in achieving sustainable growth. High saving rates are also an important tool to increase resilience to financial shocks. The economic climate that emerged following the financial crisis revealed problems with the economy of Poland to obtain foreign financing. The decrease in foreign direct investment has led to an unpredictable economic environment for developing countries such as Poland. The decrease in foreign direct investment has led to lower growth rates for an emerging market such as the economy of Poland. The relationship economic growth rate, saving and foreign direct investment are examined for Poland over the period 1992-2016 by using the Autoregressive Distributed Lag (ARDL) bounds testing approach. According to this approach there is a cointegration relationship between the series and a 1% increase in savings which leads to a 0.81% increase on economic growth rate. Also a 1% increase in foreign direct investment (FDI) leads to a 1.52% increase in the economic growth rate.

2

Empirical evidence on factors shaping the savings rate of Polish households

88%

Rószkiewicz M.

Econometrics. Ekonometria. Advances in Applied Data Analytics

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2015

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issue 4 (50)

159-169

EN

The paper aimed at identifying the effects of the coincidence of socio-economic status and the advancement of the family life cycle on the savings rate. The multilevel regression model for data from empirical surveys was used. The obtained results allow us to explain how the differentiation of the saving rate that causes a poor fit of LCH models to the observed reality occurs. Ascribed to this differentiation is the explanation that allows us to reduce the area of unpredictability of the savings rate. These results show that the social representations of saving characteristic for various socio-economic groups are crucial factors that explain the variability of the savings rate, moderating its sensitivity to the demographic factors as defined in the economic theory. Moderation leads to two different tendencies. The first occurs among the households of a relatively low status and lies in the extension of consumption along with age, and it is stronger the lower the status of the household head is. The second, completely reverse, is present among households of a relatively high social status. The contraction of the time horizon of consumption manifests among these households, and it is stronger the higher the socio-economic status of a household head is.

3

Savings behaviour in households of farmers as compared to other socio-economic groups in Poland

75%

Agnieszka K., Romana G.-W., Joanna S.

Journal of Agribusiness and Rural Development

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2016

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issue 4(42)

557–566

EN

Savings generated by the sector of households constitute an important growth factor in every economy. They are the basic source of capital accumulation, determining investment opportunities of the economy. Financial behaviour of households in terms of the accumulation of savings is infl uenced by numerous factors, both internal, i.e. connected directly with a given household, and external, independent of it. The aim of this paper was to analyse savings behaviour of households of farmers as compared to the other socio-economic groups in Poland in the years 2003 and 2013. Analyses were conducted on saving propensity, savings rates, and objectives and forms of savings accumulation by households of various socio-economic groups. Analyses showed that in 2013, saving propensity and savings rates in households of farmers were relatively low in comparison to other household groups. In households of farmers the objective of savings was, more frequently than in the other socio-economic groups of households, to ensure provisions for running consumption expenditure, purchase durable goods and expand their economic activity. In contrast, in comparison to the other households, farmers less frequently saved money for recreation and physical therapy.

PL

Oszczędności generowane przez sektor gospodarstw domowych stanowią ważny czynnik wzrostu każdej gospodarki. Są one bowiem podstawowym źródłem akumulacji kapitału, określającym możliwości inwestycyjne gospodarki. Na zachowania fi nansowe gospodarstw domowych w zakresie gromadzenia oszczędności wpływa wiele czynników – wewnętrznych, tj. związanych bezpośrednio z gospodarstwem domowym, jak i zewnętrznych, niezależnych od niego. Celem artykułu była analiza zachowań oszczędnościowych gospodarstw rolników na tle pozostałych grup społeczno-ekonomicznych ludności w Polsce w latach 2003 i 2013. Analizie poddano skłonność do oszczędzania, stopę oszczędzania, a także cele i formy gromadzenia oszczędności przez gospodarstwa domowe należące do różnych grup społeczno-ekonomicznych ludności. Na podstawie przeprowadzonych badań stwierdzono, że w 2013 roku w gospodarstwach domowych rolników stwierdzono stosunkowo niewielką skłonność do oszczędzania i stopę ich oszczędności w porównaniu z pozostałymi grupami gospodarstw domowych. W gospodarstwach domowych rolników częściej niż w pozostałych grupach społeczno-ekonomicznych gospodarstw domowych celem oszczędzania były rezerwy na bieżące wydatki konsumpcyjne, zakup dóbr trwałego użytku oraz rozwój własnej działalności gospodarczej. Natomiast rzadziej w porównaniu z innymi gospodarstwami domowymi rolnicy oszczędzali na wypoczynek i rehabilitację.

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1 Econometrics. Ekonometria. Advances in Applied Data Analytics

1 Economics and Business Review

1 Journal of Agribusiness and Rural Development

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1 Joanna S.

1 Romana G.-W.

1 Rószkiewicz M.

1 Soylu O. B.

Do foreign direct investment and savings promote economic growth in Poland?

Empirical evidence on factors shaping the savings rate of Polish households

Savings behaviour in households of farmers as compared to other socio-economic groups in Poland