Quarterly Journal of Economics Vol. 65 No. 1 1951
Investment Criteria in Development Programs
Abstract
Introduction, 38. — I. The capital-intensity criterion, 38. — II. The nature of the product, 42; real income increases, money income stable, 43; money income increases to the extent of the incremental output, 44; the tautology of the "type III" criterion, 45; the advantages of home market industries, 46. — III. Direct vs. indirect foreign exchange requirements, 48. — IV. Practical value of the rejected criteria, 50. — V. The hazards of international financing, 53. — VI. Conclusion, 60.
- DOI
- 10.2307/1879499
- Volume
- 65
- Issue
- 1
- Pages
- 38
- Sources
- openalex crossref