THE ROLE OF INVESTMENT LAG IN ECONOMIC SYSTEM DEVELOPMENT TRAJECTORY

Abstract

Introduction. The investment process, which determines the economic growth of society, is becoming increasingly important and relevant. Investments determine not only financial turnover and business development, but are a key factor in shaping the overall image of the country's economic landscape. In this sense, it is crucial to consider not only the quantity and volume of investments, but also their quality, directions and ways of influencing the production potential of the economy. A key concept of the investment process is the investment lag, i.e. the period of time between the emergence of savings and their use as investment. Taking into account the duration of the lag on the basis of dynamic mathematical models will certainly improve the quality of forecasting and help to standardise approaches to computer modelling of economic development more appropriately.