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Investment Criteria, Productivity, and Economic Development

Author

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  • Walter Galenson
  • Harvey Leibenstein

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.

Suggested Citation

  • Walter Galenson & Harvey Leibenstein, 1955. "Investment Criteria, Productivity, and Economic Development," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(3), pages 343-370.
    • Handle: RePEc:oup:qjecon:v:69:y:1955:i:3:p:343-370.
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    Citations

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    Cited by:

    1. Partha Gangopadhyay & Biswa N. Bhattacharyay, 2012. "Can there be a Wave-Like Association between Economic Growth and Inequality? Theory and Lessons for East Asia from the Middle East," CESifo Working Paper Series 3953, CESifo.
    2. 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).
    3. Nancy Birdsall, 2008. "Income Distribution: Effects on Growth and Development," Chapters, in: Amitava Krishna Dutt & Jaime Ros (ed.), International Handbook of Development Economics, Volumes 1 & 2, volume 0, chapter 48, Edward Elgar Publishing.
    4. Othmani, Abdelhafidh & Ben Yedder, Nadia & Bakari, Sayef, 2023. "The Cointegration Relationship between Patent, Domestic Investment and Economic Growth in United States of America," MPRA Paper 118245, University Library of Munich, Germany.
    5. Marrero, Gustavo A. & Rodríguez, Juan G., 2013. "Inequality of opportunity and growth," Journal of Development Economics, Elsevier, vol. 104(C), pages 107-122.
    6. Obregon, Carlos, 2018. "Globalización visiones equivocadas [Globalization misguided views]," MPRA Paper 86396, University Library of Munich, Germany.
    7. repec:ilo:ilowps:267961 is not listed on IDEAS
    8. Mr. Michael Sarel, 1997. "How Macroeconomic Factors Affect Income Distribution: The Cross-Country Evidence," IMF Working Papers 1997/152, International Monetary Fund.
    9. Fakin, B., 1998. "A note on assessing dynamic efficiency," Structural Change and Economic Dynamics, Elsevier, vol. 9(2), pages 263-268, June.
    10. Frances Stewart, 2003. "Income distribution and development," Chapters, in: John Toye (ed.), Trade and Development, chapter 10, Edward Elgar Publishing.
    11. Maria Negreponti Delivanis, 1970. "La contribution des investissements publics au développement régional de la Grèce," Development and Change, International Institute of Social Studies, vol. 1(2), pages 64-74, May.
    12. Obregon, Carlos, 2018. "Globalization misguided views," MPRA Paper 85813, University Library of Munich, Germany.
    13. Adam Przeworski & Fernando Limongi, 1993. "Political Regimes and Economic Growth," Journal of Economic Perspectives, American Economic Association, vol. 7(3), pages 51-69, Summer.
    14. Petri P. Karenlampi, 2024. "Path-dependency and leverage effect on capital return in periodic growth processes," Papers 2403.08678, arXiv.org, revised Apr 2024.
    15. 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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