REGRESNÁ ANALÝZA FAKTOROV VPLÝVAJÚCICH NA OBJEM INVESTÍCIÍ V KRAJINÁCH V4
REGRESSION ANALYSIS OF FACTORS AFFECTING VOLUME OF INVESTMENT IN THE V4 COUNTRIES
Author(s): Ján Buleca, Alena AndrejovskáSubject(s): Social Sciences, Economy
Published by: Univerzita J. Selyeho, Fakulta ekonómie a informatiky
Keywords: investment; disposable income; households; interest rate; GDP;
Summary/Abstract: Submitted article is focused to the relationship of investments and selected macroeconomic factors. The analysis provides a comprehensive view of the assessment of the development of household investment in v4 countries in 2005-2014, followed by an assessment of impact of selected macroeconomic factors by multivariate regression analysis. Provided analysis brings insight into a linear relationship between investment and independent variables such as disposable income, gross domestic product and interest rates. The analysis confirmed, that a statistically significant parameter and the most important determinant with the highest impact on the volume of investment in all the surveyed countries was the interest rate (SK: 5.11%; CZ: 5.25%; HU: 10.4%; PL: 6.3%). Another factor was the disposable income, while its increase causes an increase in investment. The least important determinant become gross domestic product.
Journal: Acta Oeconomica Universitatis Selye
- Issue Year: 4/2015
- Issue No: 1
- Page Range: 23-33
- Page Count: 10
- Language: Slovak