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

Collection:: Economics Books

1110 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 TABLE I Investment allocation, capital per worker and net outbut-investment ratio slan ercentage allocation ; ; . p of sdlage au for capital net output-investment ratio — -- per invest- consumer worker ment goods (Rs.) goods invest- consumer total ment goods (AiBi+AcPe) goods m 8 Second Plan: Draf plan-frame (1955) - . . Second plan: actual (1956-61) . . - Third plan: estimate (1061-66) . . 39 61 6.000 0.21 2C 0.67 0.51 0.53 0.38 0.63 0.47 Many changes were made in the targets and allocations of the Draft Plan-frame at the stage of the preparation of the Second Plan; the values of the parameters of the Second Plan as actually realized and the values given in the Draft Plan- frame are therefore not strictly comparable. The interesting point to note is that the estimated parameters for the Third Plan are fairly close to the parameters used in the Draft Plan- frame. The rate of investment («,) in the first year of the Second Five Year Plan was 9.8 per cent, the initial national income (Y,) was Rs. 108.0 billion and the values of the other parameters were A; =36%, A, =64%, B;=0.11, B.=0.53, as given in the second row of the above table. Using these values in the above expression, the estimated national income comes out as Rs. 129.7 billion for 1960-61 against an actual figure of Rs. 130.1 billion both expressed at 1952-53 prices. In the case of the Third Five Year Plan, using the parameters given in the third row of the table, an initial income of Rs. 145.0 billion (at 1960-61 prices) and an initial rate of investment of II per "15] Mahalanobis II - pag. 8

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