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Investment Criteria in Development Programs

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  • Alfred E. Kahn

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.

Suggested Citation

  • Alfred E. Kahn, 1951. "Investment Criteria in Development Programs," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 65(1), pages 38-61.
    • Handle: RePEc:oup:qjecon:v:65:y:1951:i:1:p:38-61.
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    Cited by:

    1. Erik Thorbecke, 2006. "The Evolution of the Development Doctrine, 1950-2005," WIDER Working Paper Series RP2006-155, World Institute for Development Economic Research (UNU-WIDER).
    2. Paul Joskow & Roger Noll, 2013. "Alfred E. Kahn, 1917–2010," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 42(2), pages 107-126, March.
    3. M. V. Marrama, 1957. "Problèmes théoriques de l'évaluation économique des plans et projets de développement régional," Économie rurale, Programme National Persée, vol. 32(1), pages 3-14.
    4. Yanjing Jia & Chao Ding & Zhiliang Dong, 2021. "Transmission Mechanism of Stock Price Fluctuation in the Rare Earth Industry Chain," Sustainability, MDPI, vol. 13(22), pages 1-21, November.
    5. Bharadwaj K., 1989. "Formation of rural labour markets: an analysis with special reference to Asia," ILO Working Papers 992679613402676, International Labour Organization.

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