Vitort T. Investment and economic growth: their interrelation in the transitional economy

The object is the system of economic relations within the forming, accumulation, saving and utilization resources sphere and economic growth sphere in the transitional economy; the aim is peculiarities of interrelation between investment and economic growth in the transitional economy; methods are systemic, functional, historical and economic and statistical analysis; the new approach lies in an excess level of money hoarding to be one of the most important causes of upset supply-and-demand equilibrium for investment sources in the economy in transition, resulting in limited investment sources, an endogenous investment belongs to foreign investment, periods of investment in the transitional economy, a structure at the first stage of the transitional economy mostly depends on the expansion of production of capital goods using forced savings, positive changes in the economic dynamics are not the result of growing investment in capital assets, a new approach is suggested to secure economic growth whose factors at the given stage may be presented by sources and conditions of economic growth, a system of causes determining the economic dynamics is suggested, existence of reverse dependence between investment and economic growth in conditions of market transformation of inverse type is possible; sphere of usage is lectures and specialized academic courses studying the issues related to investment and economic growth.