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:: Selection and implementation the econometrics of the future / Ragnar Frisch, Universitetet i Oslo - Sosialøkonomisk Institutt - Oslo- Norge

Collection:: Economics Books

SEMAINE D’ETUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. making level and at the level of national planning. I myself have seen during the last ten years in India the beneficial effects which are coming out of such efforts, not only on the part of Professor FRISCH and other specialists like him, but also on the part of those who are working on such methods in India. I see a beneficial effect — not directly, but in influencing the thinking of individuals and groups and making them more sophisticated in their nutlock. I also see a danger if such studies are taken superficially or are imitated, as such things are apt to be very often in the underdeve- ‘oped countries, due to fashion or because of the high prestige and authority of the advanced countries. A superficial imitation of advanced countries at too early a stage may and have often become ‘he most serious obstacle *. progress in the under-developed rountries. ALLAIS Can I stress some technical points? In a mixed economy there are two sectors: the private sector and the public sector. So, che first question I would raise is: could the state formulate a preference function for the private sector? And if so what would this preference ‘unction be? So far as the public sector is concerned, we meet the same difficulty. We must consider not only the state but also regions, cities, public and semi public agencies and so on. Is it possible to ‘ake account of these different operators in one single preference function? [ have many doubts about this possibility. [ do not see at all how it could be possible or desirable to repre- sent finally different and probably conflcting views by one and only ne preference function. Would it not be better to allow every operator some purchasing power and to leave him free to use it as he sec. ‘17] Frisch - pag. 21

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