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Regional growth of fixed assets in Yugoslavia, 1946–1960

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  1. These were presented in my paper read before the sixth General Conference of the International Association for Research in Income and Wealth at Portoroz, in August, 1959: “National Product and Fixed Assets in the Territory of Yugoslavia, 1909–1959”, in: International Association for Research in Income and Wealth,Income and Wealth, Series IX, London, Bowes and Bowes, 1961, pp. 206–233. The fixed assets series in that study are not strictly comparable with fixed assets series for Yugoslavia as a whole used in the present paper. The former are valued on a 1953 price basis; the latter at 1956 prices. In addition, some minor adjustments are introduced into the previous fixed assets estimates.

  2. R. Goldsmith, “A Perpetual Inventory of National Wealth”, in: Conference on Research in National Income and Wealth,Studies in Income and Wealth, vol. XIV, New York, National Bureau of Economic Research, 1952.

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  3. “Regional Distribution of National Wealth in Yugoslavia,”Papers, Regional Science Association, vol. VIII, 1962, pp. 127–168.

  4. Investicije 1947–1960 (društvene i privatne) [Investment in fixed assets of collective people's and private ownership, 1947–1960], Belgrade, Institute of Investment Research. 1962.

  5. Ibid Investicije 1947–1960 (društvene i privatne) [Investment in fixed assets of collective people's and private ownership, 1947–1960], Belgrade, Institute of Investment Research. 1962.

  6. E. Domar, “Depreciation, Replacement and Growth,”Economic Journal, vol. 63 no 249, March 1953, pp. 1–32.

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  7. One billion equals one thousand millions in this and subsequent tables.

  8. See section 1, “General Approach”, above.

  9. Gross investment figures shown in Table 11 originate from a comprehensive gross investment elaboration study prepared by the Institute of Investment Research in Belgrade, cited in footnote 4, above. For that study, I prepared estimates for gross investment in fixed assets of the private sector in the period 1947–1960 valued at constant prices of capital goods prevailing in 1956.

  10. See section 1, “General Approach,” above.

  11. See: Vinski, “National Product...,”op. cit., pp. 212–214.

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Vinski, I. Regional growth of fixed assets in Yugoslavia, 1946–1960. Papers of the Regional Science Association 12, 127–151 (1964). https://doi.org/10.1007/BF01941247

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