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

1178 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 situations, land reforms, governmental measures to improve and expand credit facilities, subsidization of specific production practices as a means of speeding their adoption (including the creation of the capacity to produce such items as fertilizer), special measures to bring new lands into cultivation through irrigation, drainage, clearing or through provision of roads and other facilities that would make it possible to settle new areas or price supports at moderate levels as a means of encouraging the expansion of commercial production merit appraisal and consideration. The underdeveloped areas are primarily concerned with achieving an increase in the rate of growth of agricultural output. This must be accomplished in a setting in which the resources under the control of the government are relatively limited. The funds that can be invested and the trained per- sonnel available for carrying out a plan or policy are clearly very limited. In many countries there are not enough trained economists and other specialists to develop the analyses and estimates required for the formulation of a detailed develop- ment plan or policy. In some cases, foreign specialists can assist in such formulations, but the value of foreign experts can de easily overestimated. One of the most important contributions that econometric analysis can make to the underdeveloped economies might well be a series of studies that will aid in the decisions involved in the allocation of trained personnel. Will such personnel have a higher marginal product in establishing a research and exten- sion program or in organizing an irrigation project? Will the marginal product be greater in developing a series of invest- ment priorities in the agricultural sector or in analysis of the tenure system and other factors affecting incentives? These, and similar questions are extremely difficult to answer and are generally not the type of problems tackled by econometric methods. But such questions may be more important than some of the questions that we are ordinarily interested in. 16] Johnson - pag. 38

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