| Abstract: | This paper develops bureaucratic response functions within a “deviation from trend” econometric model to determine those factors that were related to fluctuations in aggregate investment finding and in the sectoral distribution of that aggretate during 1960–1975. Investment in buildings and investment in machinery are analyzed separately. On the national level, investment funding is found to respond to indicators of well-being, plan targets, bottlenecks, and foreign trade variables. Sectoral investment funding is based mainly on priority considerations. |
