The
empirical analysis of dependency between openness of economy vs. economic
growth. Case of Poland Cover Image

Empiryczna analiza zależności między otwartością gospodarki a wzrostem gospodarczym na przykładzie Polski
The empirical analysis of dependency between openness of economy vs. economic growth. Case of Poland

Author(s): Sylwia Machowska-Okrój
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: economic growth; economy openness factor; correlation test

Summary/Abstract: Economic growth is manifested primarily by the growth of GDP and GDP per capita. The foreign trade is one of various factors influencing the size of GDP. The degree of openness of the economy determines the economic growth. However, there is a debate in the literature on this dependency. Hence, the article sets out two goals: to show a correlative connection between the economy openness and the economic growth, and to present the influence of the economy openness on GDP per capita. The research method adopted is the correlation test based on the regression model. On the basis of the conducted research, it can be stated that the correlation test indicates a positive dependency. Moreover, the increase of the openness of the Polish economy after the accession to the EU results in the increase of GDP per capita.

  • Issue Year: 2017
  • Issue No: 489
  • Page Range: 222-230
  • Page Count: 9
  • Language: Polish
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