Predicted Consequences of Integration with the EMU for Polish Transport Enterprises-Result of Empirical Research

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A C T A U N I V E R S I T A T I S L O D Z I E N S I S

FOLIA OECONOMICA 241, 2010

[95]

Janusz Zrobek _{, ElĪbieta Roszko}

PREDICTED CONSEQUENCES OF INTEGRATION WITH

THE EMU FOR POLISH TRANSPORT ENTERPRISES –

RESULT OF EMPIRICAL RESEARCH

Abstract. The investment policy in transport sector concerns first of all the level of a single company as well as the broad aspect of investment outlays incurred on transport infrastructure such as railways, inland waterways, short sea shipping and also intermodal operations. In order to facilitate the required changes Polish government with the support of the European institutions established priorities, objectives, special programmes, new initiatives and financial instruments to ensure better transport service, create multimodal transport corridors giving priority to freight and high speed network for the passengers. Thus, European transport policy is a tool and a chance for development of transport in Poland. Having in mind such a prevailing conditions the accession to the EMU might have significant impact on the transport sectors, which development is an important is-sue on the international arena.

Polish accession to the Eurozone as indicated in numerous theoretical and empirical analysis will bring a lot of economic consequences. The most significant benefits are: reduction or even elimination of transaction costs, lower cost of acquiring capital which is necessary to finance investments, increase in value terms of national and foreign in-vestments and also intensification of trade exchange. Especially the last two conse-quences may result in the increase in the economic growth when considering the long-term perspective. Poland’s aspiration for a complete membership in the EU was a deci-sion of a strategic meaning, whereas the assumed membership in the Economic and Monetary Union is in principle a consequence of that first fundamental decision. Access-ing the European Union Poland undertook to carry into effect the most difficult stage of economic integration which is an obligation to accept euro and follow the directives of the common monetary policy. In the analysis of the consequences concerning Poland ac-cession to the EMU authors pay special attention to which extent it will have meaning for enterprises operating in the transport and storage sector.

In order to verify entrepreneurs’ opinions on the euro introduction in Poland the au-thors conducted empirical research based on the tool of electronic questionnaire directed to transport and storage companies by e-mail. The objective of this research was to rec-ognize attitudes of entrepreneurs of small and medium-sized companies concerning con-sequences of Poland’s accession to the EMU. The detailed purpose of this research was the analysis of the interrelations between the economic integration issues and develop-ment potential of companies, especially their pro-innovative activities, rendering their services in transport and storage.

_{Professor, University of Lodz, Jan Kochanowski University, Branch in Piotrkow Trybunalski.}

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