Integration of Polish Equity and Debt Securities Market with Foreign Market and Economic Growth in Poland
Integration of Polish Equity and Debt Securities Market with Foreign Market and Economic Growth in Poland
Author(s): Sławomir BukowskiSubject(s): National Economy, Economic development, Financial Markets
Published by: Wydawnictwo Naukowe Uniwersytetu Marii Curie-Sklodowskiej
Keywords: financial integration; equity securities; debt securities; economic growth; GMM; econometric model;
Summary/Abstract: The aim of the research, which is the basis of this paper, is to answer the question whether integration of Polish equity and debt securities markets with foreign market influence economic growth in Poland. The following hypothesis has been put forward: integration of Polish equity and debt securities market with foreign markets has a significant impact on the capital market development and economic growth in Poland. The results of the research with implementation of econometric models confirm the hypothesis.
Journal: Annales Universitatis Mariae Curie-Skłodowska, Sectio H Oeconomia
- Issue Year: LI/2017
- Issue No: 5
- Page Range: 59-68
- Page Count: 10
- Language: English