SZACOWANIE FUNDAMENTALNYCH ODDZIAŁYWAŃ RELACJI MAKROEKONOMICZNYCH NA BILANS OBROTÓW BIEŻĄCYCH
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Date
2006
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Wydział Prawa i Administracji UAM
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ESTIMATION OF FUNDAMENTAL MACRO-ECONOMIC INFLUENCES ON THE CURRENT ACCOUNT BALANCE
Abstract
A simplified micro-economic model is analysed and developed in order to identify and quantify
the strong and weak influences of fundamental macro-economic relations (such as savings rates
and domestic investments) and their main determinants on the current account balance. The influence
mechanisms of those macro-economic relations are generally described by cause-effect relations
determining the explanatory variables in regression equations constituting a development
of a simplified theoretical model. The theoretical model of the regression function estimation is
based on different descriptions of the influence mechanisms of the key factors determining the current
account balance and a differently outlined hierarchy of the economic factors that influence the
evolutions of the analysed macro-economic relations such as savings and domestic investments
measured against the GDR Empirical research carried out worldwide and methodological recommendations
(taken from the literature on international business theory) serve as justification of
the author’s selection of the potential determinants of the current account balance.
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Ruch Prawniczy, Ekonomiczny i Socjologiczny 68, 2006, z. 1, s. 155-178.