| Abstract [eng] |
Investing in technology, innovation, research and human capital in the industrial sector is becoming an increasingly relevant modern challenge. This problem is shaped by "tightening" economic times, competitiveness, shortening life cycle of modern products, services, technologies. Since innovations are mainly realized in the manufacturing sector, its investments are very important for the development of manufacturing industry. With changing technologies and pace of life, manufacturing companies must increase the amount of investments in research, software, raising the qualifications of employees, service quality, and promoting the brand. Investing is a very important aspect for industrial companies, as it allows them to remain competitive, improve performance and adapt to the changing market conditions. Although investing is very important for manufacturing and economic growth, there is not always a clear correlation between investment and manufacturing indicators. A lack of studies on the relationship between Lithuanian indicators reveal the research problem: investment volume is too low for the faster growth of the Lithuanian manufacturing industry. The mentioned problem reveals the object of this research: the relationship between Lithuanian manufacturing industry indicators and investments. The purpose of the work: to assess the relationship between indicators of Lithuanian manufacturing industry and investments. The conducted empirical study showed that there is a mutual significant correlation between material investments per capita and manufacturing industry exports, but it exists in different time periods. Also, a mutual correlation prevails between material investment per capita and manufacturing industry production. The direct relationship between the impact of material investments of the manufacturing industry on the production of the manufacturing industry in the short term is determined by investments in work technologies and equipment, automation, new premises and the development of production lines, which are directly related to increasing production volumes and productivity. The direct relationship of material investment per capita influence on the production of the manufacturing industry in the short and long term is determined by the fact that the manufacturing industry strongly depends on the available physical resources, therefore, increasing the amount of material investment per capita should increase production capacity, efficiency and production volumes. Material investments in the ergonomics of the work environment, automation, supply chain, work devices and tools that increase work productivity, efficiency lead to a direct relationship between the impact of material investments per capita on the productivity of manufacturing industry in the short term. A direct relationship was also found on the impact of manufacturing industry production on material investments per capita in the short term. Increasing production volumes requires additional material investments in production resources, such as machines and equipment, tools, raw materials, development and transportation. |
