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L’amortissement et l’autofinancement du processus d’investissement
[The amortization and self-financing of the investment process]

Author

Listed:
  • Albu, Lucian-Liviu
  • Georgescu, George

Abstract

A balanced economic development is essentially based on self-financing of investment cycle. The efficient use of energy resources and raw materials could rise by increasing the renewal of fixed capital, which is meaning also a shift to a higher technological level. From this correlation is resulting that the technical progress stands for an accelerator type multiplier of investments effects. Taking into account the economic growth factors and also the relationship between the efficiency, the degree of depreciation and the technical level a global model is built based on the propagation of investments self-financing. The model is showing the dependence of investments self-financing growth to the decrease in the functioning standard period of fixed capital, to their structural youthfulness and economic efficiency increase, seen through the ratio between net income and depreciation.

Suggested Citation

  • Albu, Lucian-Liviu & Georgescu, George, 1987. "L’amortissement et l’autofinancement du processus d’investissement
    [The amortization and self-financing of the investment process]
    ," MPRA Paper 13499, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:13499
    as

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    File URL: https://mpra.ub.uni-muenchen.de/13499/1/MPRA_paper_13499.pdf
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    References listed on IDEAS

    as
    1. Simon Kuznets & Elizabeth Jenks, 1961. "Capital in the American Economy: Its Formation and Financing," NBER Books, National Bureau of Economic Research, Inc, number kuzn61-1, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    economic growth; investments; fixed capital; technical progress; depreciation;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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