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The opportunities for capital investment

Published online by Cambridge University Press:  20 April 2012

C. G. Lewin
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Extract

This paper explores the opportunities which may exist for increasing the extent to which the United Kingdom invests in capital assets, with the aim of increasing national economic growth. A number of factors thought to be relevant are examined and some apparent defects in companies' existing investment procedures are highlighted. It is suggested that a possible national strategy for the next few years might be an attempt to stimulate increased labour productivity and increased investment simultaneously. The paper tries to give some indication of the results which might be achieved if such a policy were successful. (It is assumed that a higher rate of economic growth would be desirable, and the paper does not enter into a discussion of whether non-quantifiable factors, e.g. the quality of life, are more important. This does not mean that such factors can be ignored in practice, however, and they may—quite rightly—restrain what could otherwise be done.)

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 108 , Issue 1 , June 1981 , pp. 19 - 74
Copyright
Copyright © Institute and Faculty of Actuaries 1981

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