Full text: Study week on the econometric approach to development planning

SEMAINE D’ETUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 
tuations, technological changes and sociological pressures which 
affect the labour market. 
The picture which emerges from unemployment statistics 
we take to represent a past state of technology, and the picture 
which emerges from the statistics of vacancies we take to re- 
present a future state. Our estimates for 1961 are obtained 
by giving each picture equal weight. We found that some 
skills, namely managers, qualified manpower, technicians and 
operatives, appear to have moved in line with the demands of 
technology over the 1950's. We then worked out the weights 
that would best reproduce the 1951 position for these four skills 
and found that they were 0.9 for unemployment and o.1 for 
vacancies. We then reversed these weights and applied them 
to all skills to obtain a first approximation to the spectrum of 
skills for 1970. Obviously this is a very crude method of estim- 
ation, and we have only used it as a first device to feel our way 
into the subject. 
We now have for 1970 a provisional vector showing the 
distribution of labour by skills and, from the calculations 
described under e) above, a provisional vector showing the 
distribution of labour by industries. If we consider an employ- 
ment matrix with skills in the rows and industries in the co- 
lumns, we see that these two vectors provide its marginal 
totals for 1970. We can now try to fill in this matrix for 1970 
by the RAS method, using the corresponding matrix for 1961 
as a starting point and the 1970 vectors as controlling totals. 
We have carried out this exercise and found that con- 
vergence is almost immediate. Since the marginal totals were 
estimated independently, this result suggests that it may be 
possible to derive a simple relationships between changes in 
productivity and tbe skill distribution of the labour force in 
each industry. But at present this is a surmise whose verifi- 
cation must await further analysis. 
1] Stone - pag. 734
	        
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