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:: Econometric analysis and agricultural and development plans / D. Gale Johnson, University of Chicago - Chicago - U.S.A.

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIOUE ETC. ]143 given sufficient proof that modern economies cannot be left to the free play of market forces, but must be controlled and directed both to anticipate undesirable economic situations and repercussions and to achieve certain of the community’s objec- tives. » While I hope that I will learn what developments in aconomic theory and what recent experiences of various eco- nomic systems result in so striking a conclusion, for the mo- ment I would only like to suggest the following paraphrase: « The application of economic analysis and recent experiences of various economic systems have by now given sufficient proof that modern or underdeveloped agricultures can not be subject- ed to agricultural development plans that impede necessary adjustments, result in exploitation of the farm population, fail to recognize the potential high returns to certain investments in agriculture, or restrict the potential gains from international specialization in production, but development plans must be consistent, efficient in the use of scarce resources, and not result in undesirable economic situations. » In this paper I shall try to do four things. First, I shall present a simplified skeleton of some of the interrelationships ‘hat exist between agriculture and the rest of the economy as sconomic development occurs. Second, some of the major dif- ferences, as well as the similarities, in the agricultural problems of selected important areas of the world will be indicated Third, a review of plans or projections that have been made n two countries — the Soviet Union and the United States — will be presented to indicate some of the major sources of errors in projections and goals. Finally, I will emphasize some of the major analytical and statistical problems that arise in ma- «ing projections or creating development plans. -, Johnson - pag. 3

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