SEMAINE D’ETUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 5067 VIALINVAUD No, I am not! I am in full agreement with Professor DORFMAN. [he preceding comments are merely intended to show what I had n mind when speaking of the motivations for a research. VAHALANOBIS [ do not think there are basic differences of opinion but while agreeing with many of the observations made here, I am trying tc Iraw attention to one point — that when certain periods, 10 years or 15 years, are taken as the time horizon in making government Jecisions, there are necessarily makeshift arrangements. In an inderdeveloped country which starts experiments in the way of making policy decisions which are intended to be implemented (I am calling these experiments), and also starts exercises in the way of building models, sometimes it may be possible to feed the models oy numerical data or sometimes it may not be. There is a more general point about models which also require information other than statistical data in a numerical form. I was therefore speaking of wider experience by which I meant in respect of any model, jud- gement as to what are relevant factors, or what are their order of priority. I have an impression that there is sometimes a good deal of faith in model making which with the help of very highpowered “omputors would supply push-button solutions. This is why I refer- ‘ed to the limits of usefulness, depending on whether a model is “apable of being fed by quantitative data or involving non-quanti- ative judgements, or factors of selection, and also to what extent he solution depends on the degree of accuracy of the information which has to be supplied in a quantitative form. One great service io the underdeveloped countries would be to discuss the usefulness 1s well as the limitations of models in application to practical affairs. | Morishima - pag. 39