Capital Theory and Some Theoretical Problems in Development Planning

This paper begins at the beginning of a theory of development planning. Particularly three problems will be considered: 1. the definition of an objective function and the determination of the rate of total investment, 2. the present state of knowledge about the necessary macroeconomic relations betw...

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Veröffentlicht in:	The American economic review 1961-05, Vol.51 (2), p.92-101
1. Verfasser:	Eckstein, Otto
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital Capital investments Capital output ratio Capital Theory Economic growth rate Economic growth theories Economic theory Economics Economies of scale Financial investments Investment rates Investment return rates Studies
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Beschreibung
Zusammenfassung:	This paper begins at the beginning of a theory of development planning. Particularly three problems will be considered: 1. the definition of an objective function and the determination of the rate of total investment, 2. the present state of knowledge about the necessary macroeconomic relations between investment and growth, and 3. additional possible methods of deriving estimates for this relationship.
ISSN:	0002-8282 1944-7981