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

1194 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - z2§ not a total analysis of the economic system. In the programme of the Study Week there are several other important contributions at an intermediate level between micro and macro analysis. Specific reference is made to reports that focus on methods and techniques of general scope; a typical case in point is the device of shadow prices dealt with by Professor DORFMAN. KoorMmANS I have a question to Prof. JoHNSON in response to his comment on investment in research. Research and development in industry is often exportable to underdeveloped countries. My question to him is whether this is also true in agriculture, or whether because of the specificity of climate, soil and varieties, agricultural research has to be essentially done over for each agricultural area. LEONTIEF Professor JOHNSON’s penetrating observations on the role which econometric models might play in advancing the growth of under- developed areas and possibly even of developed countries naturally lead to the question of choice between special and general purpose models. Throughout our present discussion much stress was put on the necessity of building special models for special purposes on the one hand, and on the other hand it was emphasized that the same model can serve several different purposes. Most of the difficult economic problems are those which involve discovery and tracing through unsuspected secondary relationships between the different parts of the economic system. A policy maker, as a rule, is able to assess correctly — even without any help from the econometrician — the obvious direct effect of measures which he is about to recommend. Quite often he does neglect or disregard, ho- wever, the indirect effects which might be unimportant from the point ‘161 Johnson - pag. 54

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