stdClass Object ( [id] => 8009 [paper_index] => EW201804-01-002474 [title] => INVESTMENT AND ECONOMIC DEVELOPMENT [description] =>
  1. Paul A Samuelson, William D Nordhaus(1989) “Economics” 13th edition, MC Graw – Hill, International edition, Singapore,p. 136. (Foot note)
  2. William J Boumal(1990) “economic theory and Operations Analysis” 14th Edition, Prentice,Hall of India Private Limited, New Delhi, p.599.
  3. Edward Sapiro (1978) “Macroeconomic Analysis” 14th edition, Harcourt Brace Jovanovich, Inc. New York, p. 157.         
[author] => Dr. B. Ramachandra [googlescholar] => https://scholar.google.co.in/citations?user=KeqZGcIAAAAJ&hl=en [doi] => [year] => 2018 [month] => April [volume] => 6 [issue] => 4 [file] => eprapub/EW201804-01-002474.pdf [abstract] =>

Most of the people in developing countries are living in poor socio-economic conditions. In pressure to achieve rapid progress or development, proper sector is needed to invest. When investment put in technology including skills, it improves efficiencies of capital and labour. A change technology creates demand for labour and output or final goods. The vicious circle of investment leads to Economic Development.

KEY WORDS: Economic Development, Efficiency of capital, Efficiency of labour, impact, investment,

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