Leasing as A Factor of Economic Growth

Abstract

In this article leasing is considered as one of the factors of economic growth. Leasing activity is examined both at microeconomic level, for which it has a direct impact, as well as at macroeconomic level for which it has both direct and indirect influence. While considering the macroeconomic level, where leasing activity stands as one of the factors of economic growth, material production and its supporting infrastructure and services have been covered. The purpose of this study is to identify potential opportunities of using leasing in the wealth creation process and its impact on economic growth, and therefore the use of this activity as a tool to stimulate economic growth. From the majority of indicators that used to characterize production and economic activity of enterprises working in production, agriculture, construction and repair industries, influenced by leasing activity, we chose and analyzed the main and most important ones: capital productivity, materials intensity, energy intensity.During the study a direct correlation between the index of material consumption and economic growth rates has been recognized. Leasing activity, as a process of the constant change of equipment used in the manufacturing process affects the amount of material and energy intensity at all levels of material production. Replaced equipment is generally more economical in terms of material and energy consumption, these ones will therefore be continuously improved, which ultimately has a positive effect on economic growth. Ultimately, leasing activity has a positive effect on the value of macroeconomic indicators, including economic growth.