THE INFLUENCE OF FINANCIAL AND MONETARY VARIABLES ON THE ECONOMIC GROWTH IN POLAND
Keywords:
business cycles, bivariate models, financial market, money market, real activity.Abstract
The paper analyzes if money and other monetary and financial variables cause economic activity using quarterly data from Polish economy starting with 2003 to 2011. I made bivariate models to see if the monetary and financial variables from this country cause the real economic activity in the short term or in the long term and the neutrality hypothesis of money is confirmed.
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References
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4. Johansen, S. (1988): Statistical analysis of cointegration vectors; Journal of Economic Dynamics and Control;12; 231-54; Reprinted in Long-run Economic Relationships Readings in Cointegratin(Eds) R.F. Engle and C.W.J Granger, Oxford University Press.
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6. Wachtel, P. (2001): Trade liberalization and economic performance: an overview; The Economic Journal;114;4-21.
2. Engle, R.F., Granger, C.W.J (1987): Cointegration and error correction: represention, estimation and testing; Econometrica; 55; 987-1007.
3. Granger, C.W.J. (1969): Investigating causal relations by econometric models and cross spectral methods; Econometrica; 37, 424-38.
4. Johansen, S. (1988): Statistical analysis of cointegration vectors; Journal of Economic Dynamics and Control;12; 231-54; Reprinted in Long-run Economic Relationships Readings in Cointegratin(Eds) R.F. Engle and C.W.J Granger, Oxford University Press.
5. Levine, R. (2005): Finance and Growth: Theory and evidence; Handbook of Economic Growth; Aghion P. and S. Durlauf(ed); vol. 1; 865-934.
6. Wachtel, P. (2001): Trade liberalization and economic performance: an overview; The Economic Journal;114;4-21.
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Published
2012-04-30
How to Cite
Visan, C. (2012). THE INFLUENCE OF FINANCIAL AND MONETARY VARIABLES ON THE ECONOMIC GROWTH IN POLAND. Economics of Agriculture, 59(Special nu), 422–427. Retrieved from https://ea.bg.ac.rs/index.php/EA/article/view/690
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Section
Session II
