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 analysis of economic systems / Richard Stone, Cambridge University - Cambridge - Great Britain

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 0. d) The circuit of education and training. The purpose of this circuit is to try to match the future demand for skills, as determined by future output levels and techniques in different industries, with the future supply of skills, as determined by the demographic characteristics of the population and the system of education and training. The idea is a simple one: to get away from the assumption of homogeneity in the labour force which is usually made in empirical work on production functions, and to accord to labour skills an importance equal to that usually accorded to changes in capital equipment. If the productivity of labour is to rise, new techniques must be adopted, but this will not come about easily unless more people are trained in the appropriate skills. Nowadays technological change is particularly rapid, and a failure to realise this may make it impossible to take full advantage of the improvements that science is offering. The work we have done so far on this subject is contained in [5] [6]. It relates entirely to the demand for skills and suggests that, in Britain at any rate, the supply of the higher and, more particularly, the medium skills is not keeping pace with demand. This indicates the need to increase the number of technicians and craftsmen turned out by the system of edu- cation and training. The craftsmen, in particular, must be trained in the newer crafts; there are many crafts that are dving and do not need replacement. But given that we know how the demand for skills is chang- ing, how are we to change the supply to meet this demand? Our intention here is to set up an activity model of the system of education and training, including the very important element of retraining. By this means we hope to be able to work out the activity levels needed in different branches of the educa- tional system to provide in the future an educational distribu- tion of the population which, after allowing for ‘wastage’, that is for skills not used in the productive process, will ensure an 1] Stone - pag. 59

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