Capital Charges And Their Stimulating Role

Abstract

In large measure, the scale of the introduction of new equipment and its economic effectiveness depend on improvements in commodity-monetary relations and in the entire system of economic levers that affect technical progress. The Directives of the Twenty-Fourth Congress of the CPSU on the Five-Year Plan for the Development of the USSR National Economy in 1971-1975 pose the task of making more extensive use of the finance and credit mechanism in the interest of accelerated technical progress and of intensified production. Payments for productive capital are among the component parts of this finance and credit mechanism. While this category is new to the socialist economy, a considerable amount of experience has already been amassed in applying it in the realm of economic incentives. The investigation of this experience should suggest basic methods for using payments for productive capital to increase the interest of enterprises in the production and introduction of economically effective new equipment. ...