Wzrost gospodarczy a inwestycje – znaczenie wąskich gardeł
Economic Growth and Investments: The Role of Bottlenecks
Author(s): Jan Marek Sztaudynger, Jan Jacek SztaudyngerSubject(s): National Economy, Business Economy / Management, Economic policy, Policy, planning, forecast and speculation, Economic development
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: economic growth; fixed capital investment; bottlenecks; Solow model; endogenous growth model; Poland’s economy;
Summary/Abstract: The impact of fixed capital investments on economic growth is examined. The authors try to show to what extent it depends on the bottleneck (disequilibrium), which existed before the investment and which is eliminated by this investment. The narrower the bottleneck and the more it slows down economic growth, the more output growth will result from this investment. In order to verify this hypothesis the growth model was modified in which the fluctuations are non-cyclical. The results of calculations made for Poland’s economy in the years 1983–2017 confirm that economic slowdown preceding investments strengthens their growth effect.
Journal: Ekonomista
- Issue Year: 2019
- Issue No: 6
- Page Range: 680-700
- Page Count: 21
- Language: Polish
