chapter  4
21 Pages

4 Investment Policy

ByDrogomir Vojnić

This chapter focuses on the most important aspects of postwar investment policy: the investment rate, the investment structure, the economic efficiency of investment, and demographic investment. It discusses statistical series for gross investment and gross domestic product computed in fixed 1972 prices, as a basis. The highest above-average rates of gross investment in industrial sectors are noted in Bosnia and Herzegovina, Montenegro, Macedonia, and Kosovo. One of the important criteria for analyzing and assessing the results of an investment policy is the economic efficiency and social profitability of investment. Trends in capital coefficient values provide very relevant information for an analysis and assessment of the economic efficiency and social profitability of investment and for an analysis of some essential aspects of the interdependence between investment and economic development. This general assessment would be slightly modified if the problem of demographic investment were treated from a regional aspect.