Polarity of the Regional Space – the Dilemma of Shaping the Investment Attractiveness of Poland (original) (raw)

Multi-dimensional analysis of regional investment attractiveness in Poland

Equilibrium

Research background: A given region's investment attractiveness is a set of conditions that depend primarily on the policy of the country that is the recipient of direct foreign investment, encouraging or discouraging foreign investors from making decisions about locating investments in a given area. These conditions include the economic conditions, the infrastructure, the political and legal system, the business environment, and the sociocultural environment. a foreign investor, the motive for exporting capital abroad is the search for benefits that can be derived from the business activity conducted there, including easier entry into new markets. Purpose of the article: The main aim of the paper is to distinguish groups of voivodeships (NUTS 2 level) that are relatively homogeneous in terms of investment attractiveness, which is conducive to the inflow of foreign capital and the implementation of investment projects involving foreign capital. Methods: Distinguishing groups of...

Selected aspects of investment attractiveness of regions

The paper presents selected problems referring to investment attractiveness of regions. Its initial part discusses theoretical aspects of investment attractiveness determinants. Next the examples of determinants regarding regional investment attractiveness are listed. They are divided into six thematic groups of factors: economic, socio-cultural, political and administrative quality, technological and innovative, natural and image specific ones. The analysis of the report published by The Gdańsk Institute for Market Economics, and referring to investment attractiveness of Polish regions, constitutes the core part of the paper. There are also presented e.g. the decisive factors influencing investment attractiveness of Polish regions including their characteristics, as well as the analysis of positions occupied by particular regions in terms of investment attractiveness in the recent eight years.

FOREIGN INVESTMENTS AND DISPARITIES IN REGIONAL DEVELOPMENT

Olsztyn Economic Journal, 2011

Investments are crucial in creating economic growth and development on national and regional level. Specific kind of investments are foreign investments. Above their impact on labour market and economic entities of a host country, they also contribute to transfers of technology, methods of management and indirectly to quality of products and services. The aim of the article is to identity the level of interdependence between location of enterprises with foreign capital and regionally diversified level of economic development in Poland. The conducted analysis was based on utilisation of data concerning the number of economic entities with foreign capital in regions (NUTS 2) of Poland as well as the number of people employed in enterprises with foreign capital, that were collated with GDP per capita of regions. Empiric findings brought to the conclusion that location of enterprises with foreign capital was concentrated in regions of Western Poland and in Mazowieckie voivodship. At the lowest pitch enterprises with foreign capital concerned regions of Eastern Poland. The analysis revealed high statistical dependency between concentration of employed in economic entities with foreign capital in Polish regions and GDP per capita of that regions. More enterprises with foreign capital were located in regions with higher GDP per capita as well as more workers were there employed. In 2007 GDP per capita explained 84.89 per cent of spatial distribution of economic entities with foreign capital (measured by the number of workers). Additionally, the described phenomenon was growing in size through the last years (mostly due to Mazowieckie voivodship).

Evaluation of Investment Attractiveness Indicators of Regions in Ukraine

Baltic Journal of Economic Studies, 2017

The theoretical and methodological principles for assessing the investment attractiveness of the regions are the subject of the research. The aims of the research consist in improving the existing approach for measuring the level of investment attractiveness of territorial systems in the direction of taking into account the possible multicollinearity and determining the share of investment attractiveness factors in the aggregate indicator on the basis of calculated values of determination coefficients, which respectively provide to distinguish the priority directions in the formation of regional investment policy aimed at raising the level of investment attractiveness of regions of Ukraine. Methodology. The article deals with the research of theoretical and methodological approaches to the definition of investment attractiveness of Ukrainian regions by means of general scientific methods of analysis: systematization and generalization, induction, deduction. Results. To assess the investment climate in the regions of Ukraine, an improved existing approach for measuring the level of investment attractiveness of territorial systems is proposed in the direction of taking into account possible multicollinearity and determining the share of factors of investment attractiveness, which is based, in particular, on the selected indicators, in particular: the volume of direct foreign investments per capita (FORINV); per capita net exports (NETEXP); the number of economically active enterprises per 10 000 population (ENTRP); volumes of industrial production (PROM); population income (REV); volume of retail trade turnover per capita (TOV); volume of completed construction work (BUD). It is proved that the priority and intensity of influence on the indicator of investment into fixed capital per capita of factors of investment attractiveness varies for different regions of Ukraine, therefore, according to the conducted analysis, the investment attractiveness of the researched regions are determined by such factors as the volume of direct foreign investments per capita, the volume of net exports per capita, the number of economically active enterprises per 10 000 population, volumes of industrial production, population income, and volume of completed construction work. The dynamics of values of general indicators of investment attractiveness for five regions of Western Ukraine are determined, which allowed substantiating the absence of a stable positive tendency in any of the regions to change the values of the general indicator of investment attractiveness, as well as establishing the existence of negative trends accumulation in the formation of investment attractiveness factors, which leads to a decrease of indicators of volumes of foreign investments per capita and volumes of investments in fixed capital per capita during the researched period. Practical significance. The use of the proposed approach made it possible to obtain competitive, scientifically substantiated results, which could become a methodological basis in the process of planning and practical implementation of the measures to create the investment attractiveness of regions and their territorial systems. The possibility of identifying the priority areas of influence on factors of investment attractiveness in order to increase the volume of investments attraction into the regional economic system is the determining positive side of the proposed approach.

Investment Attractiveness of Regions: Methodic Aspects of the Definition and Classification of Impacting Factors

The article focuses on the classification of national and regional resources defining the socioeconomic capacity of territories, and it discloses its essential elements. It provides various analysis of existing conditions for maximizing the usage of regional economic capacity, i.e. the use of investment flow methods for production process, hiring labour resources, and its effective direction in the expanded reproduction of the economy. The author provides critical review of economic researches focused on national/regional economic capacity, their methods of assessment of economic capacity, and defining investment attractiveness of regions. Moreover, various factors have to be taken into account in forming regional development and investment programs. The author attempts to provide casual analysis of main macro and mezo-scale tasks to be solved by regional authorities in order to provide relatively balanced regional development and prevent sharp widening of income inequalities. Hence, the article provides scientific-methodic recommendations on priority directions for the provision of socioeconomic development and for assessing the value of investment attractiveness of regions with long-term historical specialisation on agricultural production.

The Economic Essence of the Investment Attractiveness of the Regions

Scientific Journal of Polonia University

The article points out the existence of various approaches to determining the economic nature of investment attractiveness and the investment climate, which complicates the process of both qualitative and quantitative assessment of the attractiveness of regions for potential investors. The authors argued the feasibility of determining the investment attractiveness of the region as a function of the investment climate, investment activity, investment potential and investment risk. A system of investment risks classification and the structure of the investment potential of the region are proposed.

FDI Inflow to Special Economic Zones in Poland Regional Approach

Journal of Management and Financial Sciences

One of the ways to comńnce investors, in particular foreign ones, to participate in the pursuit of host country s economic policies leads through the development of Special EconomicZones (SEZs), which are designed to offer business environment morę favourable than in other locations.The SEZs, which have been established and developed in Poland, play a positive role in attracting foreign direct investment (FDI) or creating new jobs but they may also have negative conseąuences, such as deepening regional disproportions in the country.This paper aims at examining whether location in a particular region (understood as a unit of administrative division of the country at the level of a voivodship) could be a factordetermining the inflows of foreign direct investment (FDI) to the SEZs. The study uses statistical methods (Spearmans rank correlation and Pearson correlation). Our calcula- tions have shown statistically significant positive relationships between FDI inflow to SEZs and coeffici...

Investment Attractiveness of Central and Eastern European Countries in the Light of New Locational Advantages Development

Equilibrium, 2016

The aim of this work was to present the similarities between the components of competitiveness and investment attractiveness as two complementary categories, and to show the role of new locational advantages in determining the level of investment attractiveness of a country. Another objective of this paper was to provide a comparative analysis of Central and Eastern European countries in terms of their investment attractiveness. Thus this paper was organized as follows: the first part of the paper focused on a country’s competitiveness, and the traditional and new location advantages that determine its investment attractiveness in view of direct investment inflows in the light of M. Porter’s model of a diamond, an eclectic paradigm of J. H. Dunning and new growth theories. The second part presented the results of investment attractiveness analysis including selected countries of CEE in the years 1995-2013. Comparing the investment attractiveness of Central and Eastern European count...