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Bankarstvo
2017, vol. 46, iss. 4, pp. 52-73
article language: Serbian, English
document type: Original Scientific Paper
doi:10.5937/bankarstvo1704052M

Creative Commons License 4.0
Investment in the manufacturing industry of Serbia
University of Kragujevac, Faculty of Economy

e-mail: micicv@kg.ac.rs, njankovic@kg.ac.rs

Abstract

The intensity and efficiency of fixed investment in the manufacturing industry are among the basic factors of sustainable GDP growth and structural changes implementation. The developing and transition countries, with low GDP per capita, cannot catch up with the developed economies without accelerated growth and increased intensity and efficiency of investment in the manufacturing industry. For that reason, this paper's research focuses on the implications of fixed investment in the manufacturing industry of Serbia. The objective of this paper is to highlight how significant it is to efficiently implement investment policy, as well as how important investment is as a means of conducting the industry policy. The central question refers to the effects of investment in the fixed assets of the manufacturing industry of Serbia. It can be concluded that, despite its growth, the investment remains low in comparison with the development needs of both the economy and the manufacturing industry. In the forthcoming period it is necessary to increasingly rely on one's own strengths, domestic savings, and to boost the efficiency of investment aimed at technological modernization, growing productivity and competitiveness of the manufacturing industry in Serbia.

Keywords

investment in fixed assets; manufacturing industry; structural changes

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