THE IMPACT OF BUSINESS CYCLES ON THE FOREIGN DIRECT INVESTMENT INFLOWS TO POLAND

Rafal Warzala ()
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Rafal Warzala: University of Warmia and Mazury in Olsztyn, Poland

Equilibrium. Quarterly Journal of Economics and Economic Policy, 2014, vol. 9, issue 2, 25-39

Abstract: The core of this article is to study the impact of the last world economic crisis and world foreign direct investment fluctuations in the same period. The empirical study was based on data published by UNCTAD in annual reports, called World Investment Report. The research concerning the Polish economy was based on data of Polish National Bank. For measuring the relation between studied phenomena, the analysis of correlation was used, as well as the structure rate and the rate of growth. For the evolution of GDP fluctuations in Poland in the years 1990-2012, both the method of statistical analysis and the descriptive method were used. In the latest World Investment Report (WIR 2012) one can find the current world finan-cial crisis involved in the drop of foreign direct investment flows. That was charac-teristic for the Polish economy, too. The main reasons for that are the descending investment capability of corporations, because of poorer profits level and higher costs of bank credits. The important argument for corporation investment slump is that the prospects of world economic growth are unfavourable.

Keywords: foreign direct investment; business cycle (search for similar items in EconPapers)
JEL-codes: E32 F21 F23 F44 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pes:ierequ:v:9:y:2014:i:2:p:25-39

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