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

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Title:: Statistical tools and techniques in perspective planning in India / P.C. Mahalanobis, Indian Statistical Institute - Calcutta - India

Collection:: Economics Books

1108 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 2& research must also be encouraged and developed at the same time to foster the accumulation of basic knowledge and to supply a sound foundation for national decisions being made increasingly on rational grounds. Balances at the stage of production and utilization: An essential condition for successful planning is to estimate in real terms the requirements of each project to ensure that right quantities of materials, machinery and men are available at the right time at every stage of the implementation of the project. Also, products and services resulting from the com- pletion of each project must be promptly and effectively utilised to promote the execution of other projects and for the progress of the plan as a whole. The physical targets of production must be balanced in terms of physical quantities of raw materials, machinery, energy, transport etc., and also in terms of man power and of the flow of money. Incomes are generated in the very pro- cess of production; and supplies are utilised through market operations. Planning requires that aggregate incomes should be balanced with expenditure, savings should match invest- ments, and the supply and demand of individual goods and services should be balanced in real terms so as to avoid any inflationary rise of prices or undesirable shifts in prices. Phy- sical and financial planning are different aspects of the same reality. In India a perspective view of development over a long period of years began to be taken from the end of 1954. It was recognised that the targets and the balances of materials and of man power would be only approximate partly for lack of information and partly for defects in organisation and imple- mentation. It was therefore recognised that planning would have to remain flexible and to enable necessary adjustments being made almost continuously. At the same time it was essential to keep in view a wide time horizon of 15 or 20 vears NT more. ‘151 Mahalanobis II - nag. 6

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