INVESTMENTS AND THEIR EFFICIENCY AS A PRECONDITION FOR SUSTAINABLE DEVELOPMENT IN MACEDONIAN’S ECONOMY
INVESTMENTS AND THEIR EFFICIENCY AS A PRECONDITION FOR SUSTAINABLE DEVELOPMENT IN MACEDONIAN’S ECONOMY

Summary/Abstract: The paper presents the dynamics of investments and their efficiency in the Macedonian economy in the transitional period. As in any other country in Macedonia, the volume and efficiency of investments has changed depending on developed macroeconomic policies. Although Macedonia has relatively high investment rates (part of GDP), because of their low efficiency, there are no achievable developmental rates. It can be observed by dividing the rates of GDP growth and the rates of investment. The interdependence regression equation between investment and GDP is applied in the paper Determination coefficients are applied to show the intensity of the relationship between the two macroeconomic variables mentioned above, while the coefficient of the alliance shows how much the impact of investments on economic development and other factors

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