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:: The analysis of economic systems / Richard Stone, Cambridge University - Cambridge - Great Britain

Collection:: Economics Books

SEMAINE D'ETUDE SUR LE ROLE DE L ANALYSE ECONOMETRIOUE ETC. range economic models; the differences would be too deepgoing. I. would be more instructive to have one clearcut model of each type, and compare the models to explore where and what the relevant differences are. My own report to the Study Week, when it comes up, will deal with three specific aspects of model building. I had prepared some notes about the general principles of model building as an introduc- tion to the oral presentation of my report. Then when I heard Prof. MAHALANOBIS’ plea for a general consensus about basic termi- nology and notions, I felt it was in line with his plea to cut out these notes and present them right now, as a contribution towards unifying our basic notions about model building LEONTIEF I would like to comment on the relationship between theoretical construction and factual observation within the framework of Pro fessor STONE’s presentation. The relationship is essentially an ite rative one, The theoretical model in its first experimental version is formulated so as to be capable of being implemented with the available, or at least, obtainable factual information. At the same time it should serve as a guide in determining the most promising direction of further empirical inquiry. The bulk of official statistics is still being gathered to serve va- rious administrative needs or to supply up-to-date information tc general users. However, an ever larger volume of data is being col- lected with the specific purpose of being fitted into explicitly formu. lated analytical models. In the past the theorist was too often inclined to leave the respon sibility for the factual implimentation of his conceptual schemes to the statistician. Now the model builders have come to realize that they have to take active part in the preparation and planning — if not the actual performance — of the data gathering task. As a result ‘1] Stone - pag. 95

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