The Investment Development Path in the Context of Poland’s Accession to the European Union and the Global Financial and Economic Crisis

How Does Economic Integration Affect Progress along the Investment Development Path? A Case Study of EU Member vs. Non-Member Countries from Eastern Europe

“…result in the speeding up of these countries' movement along the IDP trajectory. On the other hand, Kaliszuk and Wancio (2014) found Poland's membership in the EU to be a catalyst in the country's transition to stage 3 of the IDP. A more recent study by Gorynia et al (2020) provides further evidence of the general positive effect of EU membership on FDI growth and IDP trajectories of the investigated Eastern European EU-member countries, as compared to the non-member states included in the sample.…”

“…Buckley and Castro (1998) concluded in their study of Portuguese IDP that non-economic factors, among others membership in the European Economic Community (the predecessor of the EU), can be more important for the evolution of inward and outward FDI than the strictly economic factors. The studies of Klich (2014), and Kaliszuk and Wancio (2014) specifically analyzed the impact of EU accession on Eastern European countries' IDP trajectories. Klich concluded that the Visegrad countries' membership in the EU did not zero.…”