Choice of Techniques
The problem of the choice of techniques in development planning has been discussed in the literature so extensively that it is difficult to add anything significant. In what follows I shall attempt to review briefly the major aspects of the problem that have justifiably received attention in the literature and discuss one important aspect — uncertainty about the future — that has not received the attention it deserves.
KeywordsForeign Exchange Portfolio Choice Shadow Prex Discount Cost Capital Intensity
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