This paper investigates the association between different kinds of budgetary expenditure and economic growth of Poland. The empirical analysis makes use of linear and nonlinear Granger causality tests to evaluate the applicability of Wagner’s Law and that of the contrasting Keynesian theory.We...

The main aim of this contribution is an analysis of the causal relationship between the total energy consumption in the Polish economy and GDP. In order to assure the correctness of computations a third variable – employment – was included in the dataset. Calculations performed for the...

This paper investigates the causal links between different kinds of budgetary expenditure and the economic growth of Poland. The empirical analysis was based on both the linear and nonlinear Granger causality tests and the aim was to evaluate the applicability of Wagner’s Law and contrasting...

This paper with the application of linear, nonlinear and long–run Granger causality tests, examines the causal links between the main Polish market price index (WIG) of the Warsaw Stock Exchange and four macroeconomic aggregates, namely the value of sold industrial production, the unemployment...

This paper investigates the differences in structures of causal relationships between stock and currency markets for advanced and emerging economies on the example of Switzerland and Poland. The bootstrap–based linear causality analysis as well as nonlinear causality tests were conducted for...

The main goal of this contribution was to provide evidence on the dynamic interdependencies between economic growth and budget and trade deficits in ten new EU members in transition in the last decade. It is worth to note that beside establishing directions of causal relationships this paper...

The main goal of this paper is an analysis of the causal links between quarterly coal consumption in the Polish economy and GDP. For the sake of accurate computation an additional variable – employment – was also taken into account. Computations conducted for the period Q1 2000 to Q4 2009 by...

The aim of this contribution is an investigation of causal interdependences between electricity consumption and GDP in Poland. Our research was conducted for total electricity consumption as well as for the industrial consumption of electricity. In order to reflect the causality between GDP and...

In this paper the results of linear and nonlinear causality examination performed for openness of Polish economy and its economic growth are presented. In order to extract the impact of world crisis on Polish economy we decided to apply two samples (containing quarterly data) – the full sample...

In this paper the results of testing the causal interdependence between technological progress and GDP in Poland are presented. The results obtained for quarterly data from the period Q1 2000 – Q4 2009 indicate causality running from technological progress to GDP in Poland. In addition,...