Investment Criteria, Productivity, and Economic Development
- 1 August 1955
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 69 (3) , 343-370
- https://doi.org/10.2307/1885846
Abstract
I. A suggested criterion for investment allocation, 343. — II. The case for high labor productivity in underdeveloped areas, 353; the level of labor productivity in underdeveloped areas, 353; labor productivity and capital allocation, 355; population growth and development, 363; some obstacles to high labor productivity in backward areas, 367. — III. Conclusion, 369.Keywords
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