Foreign Direct Investment in Real Estate and Related Business Services:Poland vs OECD Countries
Main Article Content
Abstrakt
Poland has experienced a relatively large inflow of foreign direct investment (FDI) in the last two decades. FDI has been flowing mainly into services and manufacturing similarly to the trend observed in global capital movement. Within the services, the financial intermediation played the biggest role in terms of attracting FDI, but real estate and related business activities (legal, accounting, auditing, tax, marketing, etc.) also saw a high inflow of foreign capital. The paper analyzes the evolution of inward FDI stock in Poland over the period 1998–2012 with a particular emphasis on real estate and related business activities. It also discusses how Poland differs in terms of sectoral decomposition in the services of inward FDI stock from other Organization for Economic Cooperation and Development (OECD) countries representing both Central and Eastern Europe (CEE) and advanced economies. Finally, the paper answers the question how Poland is performing relative to other OECD members in terms of FDI attractiveness.
Downloads
Article Details
Autor (Autorzy) artykułu oświadcza, że przesłane opracowanie nie narusza praw autorskich osób trzecich. Wyraża zgodę na poddanie artykułu procedurze recenzji oraz dokonanie zmian redakcyjnych. Przenosi nieodpłatnie na Oficynę Wydawniczą SGH autorskie prawa majątkowe do utworu na polach eksploatacji wymienionych w art. 50 Ustawy z dnia 4 lutego 1994 r. o prawie autorskim i prawach pokrewnych – pod warunkiem, że praca została zaakceptowana do publikacji i opublikowana.
Oficyna Wydawnicza SGH posiada autorskie prawa majątkowe do wszystkich treści czasopisma. Zamieszczenie tekstu artykuły w repozytorium, na stronie domowej autora lub na innej stronie jest dozwolone o ile nie wiąże się z pozyskiwaniem korzyści majątkowych, a tekst wyposażony będzie w informacje źródłowe (w tym również tytuł, rok, numer i adres internetowy czasopisma).
Osoby zainteresowane komercyjnym wykorzystaniem zawartości czasopisma proszone są o kontakt z Redakcją.
Bibliografia
Czechowska K., Level of Foreign Direct Investments and Transparency of Polish and Global Real Estate Market, “Real Estate Management and Valuation” 2013, vol. 21 (2), pp. 22–28.
Giang D. T. and Pheng L. S., Role of construction in economic development: Review of key concepts in the past 40 years, “Habitat International” 2011, vol. 35 (1), pp. 118–125.
Kucharska-Stasiak E. and Matysiak G. The transition of the Polish real estate market within a Central and Eastern European context, 2004.
Laposa S. and Lizieri C., Real estate capital flows and transitional economies, the article presented at the “American Real Estate Society Meeting in Santa Fe”, NM 13–16 April 2005.
Łaszek J., Leszczyński R. and Olszewski K., The Development of Residential and Commercial Real Estate, and Economic Development in Polish Voivodships, “Barometr Regionalny”, 2017, vol. 15 (2).
Lieser K., and Groh A. P., The determinants of international commercial real estate investment, “The Journal of Real Estate Finance and Economics” 2014, vol. 48 (4), pp. 611–659.
Majka A. and Jankowska D., Innovative Endeavors and Economic Development from the Regional Perspective, “Barometr Regionalny” 2017, vol. 15 (3), pp. 29–39.
Moshirian F. and Pham, T., Determinants of US investment in real estate abroad, “Journal of Multinational Financial Management” 2000, vol. 10 (1), pp. 63–72.
Neuhaus M., The Determinants of FDI-What Can the Transition Countries Do to Attract FDI?, “The Impact of FDI on Economic Growth: An Analysis for the Transition Countries of Central and Eastern Europe” 2006, pp. 141–151.
Parsa A., McGreal S. and Keivani R., Globalisation of real estate markets and urban development in Central Europe, “Economic and Social Research Council” 2000.
Tosics I., Spatial restructuring in post-socialist Budapest, in: “The Urban Mosaic of Post-Socialist Europe” 2006, Physica-Verlag HD, pp. 131–150.
Tsenkova S., Beyond transitions: Understanding urban change in post-socialist cities, in: “The urban mosaic of post-socialist Europe” 2006, Physica-Verlag HD, pp. 21–50.
Voigtländer M., Office Market and Labour Market–The Case of Germany (No. eres2010068), European Real Estate Society (ERES), 2010.
Wilhelmsson M. and Wigren R., The robustness of the causal and economic relationship between construction flows and economic growth: evidence from Western Europe, “Applied Economics” 2011, vol. 43 (7), pp. 891–900.