Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Conclusions

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC, 124C scientifically, but they are data that science must take into account in fostering economic development. We still have anduly primitive tools and methods for ascertaining and describing even approximately the objectives of any country or any group within it. For example, we have no effective way of determining how a community acts when it tries to reconcile two such competing goals as a high rate of future economic growth and a high level of present consumption. Progress in this direction would not only be conducive to better planning for given goals, but would also contribute to a clearer formulation of these goals and to an improved level of political discussion of them. This in turn would lead to a more intelligent and satisfactory selection of such goals. Our discussions also made clear the need for a better under. standing of the capabilities as well as the limitations of various instruments of economic policies which governments can use in the pursuit of their short and long-run goals. Research on the nature of the instruments available has been neglected in favour of research on more narrowly economic problems, such as production functions and market behavior in the private sector. This neglect has led to the adoption of goals that could aot be attained by means of the available instruments and to overestimating the effectiveness of some instruments. In short, more research is needed into what governments can and cannot do in trying to foster economic development and stability. A side of economic development which we feel cannot be overemphasised is the race between increasing productivity and increasing population. Most of the research discussed at the Study Week was concerned with one aspect or another of productivity; yet measures for influencing the rate of popul- ation growth may contribute at times even more to human welfare than measures for influencing productivity. Much work, theoretical and empirical, sociological, physiological and economic, is needed on the population problem. Econometri- cians can contribute especially through theoretical studies on

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