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

1186 PONTITICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - Z° an underdeveloped country. I see a great danger here. On the other hand, there are very important questions, some of which have been raised by Mr. JoHNSON, about how the econometricians in advanced countries can help the underdeveloped countries. This is a question of vital importance, not only for the underdeveloped countries, but also in the enlightened self-interest of the advanced countries. KOOPMANS A brief question — in these elasticity estimates, does food include the tin can and the tip to the waiter, or not? JOHNSON What I talked about was food at the farm-gate level KOOPMANS The other question is about the need for these projections — so to say the marginal productivity of improvements in the accuracy of the projection. What decisions do depend very much on having accurate projections and what harm is done if projections are inac- curate? If no great harm is done it is a nice purpose just the same to improve accuracy, but it wouldn’t rank- with as high a priority in econometric work JOHNSON I think this is a very pertinent and relevant question and I would try to answer it in terms of the difference in plans in the planned and the essentially free-market countries. I think that in- "167 Johnson - pag. 46

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