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

SEMAINE D'ETUDE SUR LE ROLE DE L ANALYSE ECONOMETRIQUE ETC. 1047 The allocations of the GNP of the Developed Areas is des- cribed by the constants ?, and h, i.e., the percentage of the GNP invested domestically and the fraction of that Product transferred to the Underdeveloped Areas and invested there. In the Underdeveloped Areas it is described simply by ¢, — the proportion of it saved and invested; the rest of the investment being equal to the amount received from the Developed rountries. In the second column of Table I, the proportion of the GNP of the Developed Areas transferred to the Underdeveloped Areas is assumed to remain — over the ten year period covered by the projection — the same (0.3%) as it was in 1959. How- ever, the domestic investment ratio is assumed to have been raised in the Developed countries from 18.99, to 19.9% and in the Underdeveloped countries from 9.2%, to 10.8%. As a result of that the average growth rate of the two Areas — over the ten year period, 1959-1969 — would go up, respectively from 5% to 5.3% and from 3.29% to 3.5%. In the third column the transfer coefficient, h, is stepped up to 1.29%, and in the fourth column to 2.19%. That implies a transfer of $15 billion and respectively- $25 billion in 1959, and of correspondingly larger amounts with the growth of the GNP of the Developed Areas in subsequent years. Comparing the projected average annual growth rates shown in columns 3 and 4 we find that even with the capital transfer stepped up to $15 billion already in 1959, the Underdeveloped countries would still continue to grow slower than the Develop- ed; with $25 billion they would begin to catch up. The « break even point » at which the two growth rates become equal would be reached with a base year capital transfer of somewhere between $15 and $25 — probably around $20 billion. The other five tables are organized on the same pattern as the first. The difference between any two tables lies in the assessment of the actual position of the two areas in the base vear 1050 51 Leontief - pag. o

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