696 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28

Professor FRISCH’s model is also of great interest to the developing
 countries because it takes into consideration, in a very imaginative
 way, of problems which have not been discussed or do not
require consideration in connection with the more advanced countries.
The point I am making is that model making and a good deal
of econometrics, a very large part of it, very naturally and very
properly had started on the basis of the experience of the advanced
countries where already a good deal of structural stability had been
reached. It was natural and also proper that such developments
should have taken place. because these were useful for the advanced
-ountries.
On the other hand the approach of Professor Friscx and Dr. Pa-SINETTI
 is likely to prove extremely valuable to underdeveloped
countries to supplement the tools already fashioned, and likely to
be fashioned in future, to suit the requirements of advanced
countries.

10] Pasinetti - pag. 126