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:: The rates of long-run economic growth and capital transfer from developed to underdeveloped areas / Wassily Leontief, Harvard University - Cambridge, Mass. - U.S.A.

Collection:: Economics Books

1046 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 the Developed and Underdeveloped Areas might be affected by changes in the fraction of the Gross National Product of the first transferred for investment purposes into the second area and also changes in the distribution of the GNP — in both groups of countries — between current consumption and pro- luctive investment. The growth functions (4) and (9) are used to project the GNP of the Developed and the Underdeveloped Areas over a ten year period, 1959-1969. The structural coefficients entering into these equations depend — see (10) — on the base year magnitude of the GNP’s, of the productive investments in both Areas and also on their respective long-run growth rates in the base year. Each table is based on a different combination of the estim- ated 1959 growth rates of both countries and of the estimated amount of domestically financed investment absorbed by the Underdeveloped Areas in that year. The estimates of the 1959 GNP’s of both Areas and of the amount of gross investment absorbed in that year by the Developed countries remain the same through all the computation. The first column of figures in each table presents one par- ticular estimate of the base year state of both groups of coun- tries and also the levels of their respective GNP’s « ten years later », projected from 1959 to 1969. This projection is made on the assumption that the domestic saving ratios in both Areas retain their base year magnitudes and that the economically more advanced countries continue, throughout the ten year period in question, to transfer to the less advanced the same percentage (h) of their annual GNP as they did in 1950. The three other columns show how hypothetically postulated changes in original allocation of the GNP’s of both areas — if introduced in the base year and then maintained over the ten years covered by our projections — would have affected the levels of their respective GNP’s « ten years later », i.e., in 1969. The corresponding average annual growth rates over the period 1959-10609 are entered below 13] Leontief - pag. 8

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