Savings and Investment Decisions in the Polish Energy Sector

Arkadiusz J. Derkacz and Agnieszka Dudziak
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Arkadiusz J. Derkacz: Institute of Economic, University of Social Sciences, ul. Lucka 11, 00-842 Warsaw, Poland
Agnieszka Dudziak: Department of Power Engineering and Transportation, Faculty of Production Engineering, University of Life Sciences in Lublin, Gleboka 28 Str., 20-612 Lublin, Poland

Sustainability, 2021, vol. 13, issue 2, 1-13

Abstract: The paper presents the results of empirical studies of the energy sector in Poland in the period 2005–2020. The main research problem was the impact of gross savings of changes in gross investment levels in this sector. To this end, we used a formula determining the value of private investments from the theory of the economic dynamism of M. Kalecki. First, we checked its adjustment to the economic reality of the energy sector and analysed the impact of individual independent variables on gross investment levels. We calculated linear regression and correlation coefficients in two variants due to delays between investments and investment decisions. The results of the studies justified the hypothesis. According to it, gross investments in the Polish energy sector are determined by the level of gross savings of companies.

Keywords: investment; corporate savings; economy dynamics; energy sector; energetic efficiency (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:2:p:553-:d:477070

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