Post-Transition Investment Behavior in Poland : A Sectoral Panel Analysis /

Analyzing and projecting the behavior of macroeconomic variables in new EU member states presents special challenges, owing to limited time series of the available data. This paper presents an analysis of investment in Poland based on an underexplored sectoral data set. The determinants of investmen...

Полное описание

Библиографические подробности
Главный автор: Murgasova, Zuzana
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2005.
Серии:IMF Working Papers; Working Paper ; No. 2005/184
Предметы:
Online-ссылка:Full text available on IMF
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100 1 |a Murgasova, Zuzana. 
245 1 0 |a Post-Transition Investment Behavior in Poland :   |b A Sectoral Panel Analysis /  |c Zuzana Murgasova. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2005. 
300 |a 1 online resource (31 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Analyzing and projecting the behavior of macroeconomic variables in new EU member states presents special challenges, owing to limited time series of the available data. This paper presents an analysis of investment in Poland based on an underexplored sectoral data set. The determinants of investment are found to include lagged investment, lead production, relative unit labor costs, EU demand, corporate profitability, and greenfield FDI (foreign direct investment) inflows. Dynamic in-sample simulations indicate some overinvestment in 1997 compared with what the model would suggest, and a substantial underinvestment during 2000-2004. The model is then used to project future investment: while rapid investment growth is likely, it remains uncertain whether investment as a share of GDP will reach its peak levels on the late 1990s. 
538 |a Mode of access: Internet 
650 7 |a Cost Of Capital  |2 imf 
650 7 |a FDI  |2 imf 
650 7 |a Investment  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a Poland, Republic of  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/184 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2005/184/001.2005.issue-184-en.xml  |z IMF e-Library