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DRC criteria:Comment on Lucas

Authors
Journal
Journal of Development Economics
0304-3878
Publisher
Elsevier
Publication Date
Volume
26
Issue
1
Identifiers
DOI: 10.1016/0304-3878(87)90057-5

Abstract

Abstract Recently in this journal Lucas (1984) discussed several apparent paradoxes in the application of DRC criteria. In this comment we show how DRCs can be defined in such a way that these paradoxes disappear.

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