Investment Criteria, Productivity, and Economic Development

Walter Galenson · Harvey Leibenstein

177 citations0/0 files storedThe Quarterly Journal of Economics

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Economic Growth and Productivity Economic Theory and Policy Fiscal Policy and Economic Growth

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.

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