Book: The relation between the rate of return on investment projects and the rate of growth of the national product
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eng
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BR
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Instituto de Pesquisa Econômica Aplicada (Ipea)
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Preliminary version of this publication
Abstract
The paper presents a revised formulation which has the adventage of making possible a comparison of different types of investment projects, including such projects as investment in education which cannot
be analyzed very successfully in terms of capital-output ratios. The result that we obtain also gives strong support to the rate-of-return approach in evaluating alternative investment projects.