Sources of nancing tangible and financial assets of institutional sectors in the Polish economy in 1995-2012
|Title:||Sources of nancing tangible and financial assets of institutional sectors in the Polish economy in 1995-2012|
Vol. 7, No 1, 2014
Published date: 20-05-2014 (print) / 20-05-2014 (online)
Journal of International Studies
ISSN: 2071-8330, eISSN: 2306-3483
|Keywords:||national accounts, saving, investment, flow of funds|
In the context of the last nancial crisis, statistics from the nancial account as a part of accumulation accounts in SNA become increasingly important for monitoring interconnected nancial and real side of the economy. Basic relations in the economy surrounding investment processes, economic growth, structure of the nal demand and the position of the nancial system, are used to indicate major structural changes relating to the accumulation in the Polish economy in the time period 1995-2012 and to the sources of funding assets. Empirical analysis is based on Klein’s flow of funds model (Klein, 2003) using Eurostat database for non- nancial and nancial annual sector accounts. Special attention is paid to the changes in capital formation and acquisition of nancial assets associated with the development of entrepreneurship in Poland in the nineties of the twentieth century as well those connected with the worldwide nancial crisis.