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

TABLE IV — Economic growth and capital transfer from developed to underdeveloped areas 
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DEVELOPED COUNTRIES 
(growth rate in base year: 4%, 
implicit b,=4.73) 
Base Year (1959) 
Gross National Product . . . . 
Capital transfers to 
underdeveloped areas . . . . . 
as per cent of national product (4) 
Domestic investment . . . . . . 
as per cent of national product (i,) 
Total consumption . . . . . . . 
as per cent of national product . . 
Ten Years Later (1969) 
Gross National Product . . . . . 
Average annual growth rate over the 
ten year period . . . 
UNDERDEVELOPED COUNTRIES 
(growth rate in base year: 29, 
implicit b,= 5.64) 
Base Year (1950) 
Gross National Product . . . 
Domestically financed investment . . 
as per cent of national product (i,) 
Total investment . . . . . : 
Total consumption . . . . . . . 
as per cent of national product . . 
Ten Years Later (1969) 
Gross National Product . . . . . 
Average annual growth rate over the 
ten vear period 
Original 
Allocation 
$1205.0 bil. 
$4.0 bil. 
0.3% 
$228.0 bil. 
18.9% 
$973.0 bil. 
80.89, 
$1784.0 bil. 
4.0%, 
$195.0 bil. 
$18.0 bil. 
9.2% 
$22.0 bil. 
$177.0 bil. 
00.89%, 
$228.0 bil. 
2.0%, 
$1205.0 bil. 
$4.0 bil. 
0.3% 
$239.0 bil. 
19.8% 
$962.0 bil, 
70.09% 
$1818.0 bil. 
4.29 
$195.0 bil. 
$19.0 bil. 
9.7% 
$23.0 bil. 
$176.0 bil. 
0.3% 
242.0 bil 
2 »0/ 
Alternative Allocations 
$1205.0 bil. 
$1205.0 bil. 
$15.0 bil. 
1.2% 
$236.0 bil. 
19.6% 
$954.0 bil. 
79.2% 
$25.0 bil. 
2.1% 
$234.0 bil. 
19.4% 
$946.0 bil. 
78.5% 
$1818.0 bil. 
$1801.0 bil, 
4.2%, 
4.1%, 
$195.0 bil. 
$19.0 bil. 
9.7% 
$34.0 bil. 
$176.0 bil. 
90.3%, 
$195.0 bil. 
$19.0 bil. 
9.7% 
$44.0 bil. 
$176.0 bil. 
0.3%, 
$267.0 bil. 
#z201.0 bil 
2,20/ 
19/ 
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