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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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Spatial organization and regional planning: Some hypotheses for econometric analysis / Walter Isard, Department of regional Science - University of Pennsylvania Philadelphia, Penn. - U.S.A.

Collection:: Economics Books

1022 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 2 be the greater, the smaller the degree of spatial centralization? Thus, would total time spent in reaching decisions on a con- crete issue be the greater, the smaller the degree of spatial centralization? Could the relevant cost function of executive time be depicted by a curve such as curve S of Figure 8 after adjustment for different levels of efficiency and prices of execu- tives at different order nodes? On the other hand, if a supply of slack executive (decision-making) labor is assumed to exist at each node and if this labor is assigned a zero cost, then might curve T of Figure 8 be considered relevant? It is clear from the preceding discussion that a significant amount of empirical research must be conducted to permit the development of firm hypotheses on information and commu- nication costs within an organization. Pending such research we may, for pedagogical purposes alone, set down a total cost curve with reference to decisions on a representative concrete issue (or set of concrete issues). If we postulate that no slack resources exist and that all labor and facilities are properly priced, we may let the curve in Figure g depict the relevant total cost function. Other curves of different slope and also of positive slope may of course be considered equally valid. 4. OVERVIEW ADVANTAGE (AND DISADVANTAGE) We now turn to another set of significant factors which vary with the degree of spatial decentralization. These factors relate to the ability to make wise or good decisions. It has generally been claimed that the decision-maker (the individual, planning bureau, or government agency) at the Ist-order node is able to make better decisions than others, ceteris paribus. However, does the empirical evidence support this claim? Within the tree-like organization of the preceding paragraphs, does the decision maker at the 1st-order node have available a much greater amount of relevant information than decision 12] Isard - pag. 20

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