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 for assessing the efficacy of public investment / R. Dorman, Harvard University - Cambridge, Mass. - U.S.A.

Collection:: Economics Books

ECONOMETRIC ANALYSIS FOR ASSESSING THE EFFICACY OF PUBLIC INVESTMENT (*) R. DORFMAN Harvard University - Cambridge, Mass. - U.S.A. In my country and in most countries of the world the role of government activity in the economic sphere has become increasingly important during the last few decades. We no longer grant even lip service to the doctrine that « That go- vernment is best which governs least ». Governments are expected nowadays to intervene vigorously in economic affairs in the interests of general prosperity and economic advance- ment. A major part of this enhanced, or at least more candid, concern with economic development on the part of govern. ments has been an increase in the importance of government- operated enterprises and, consequently, of government invest. ment. Today, socialist countries apart, we are all mixed economies. For this reason, and for a number of others about which 1 claim no particular competence, the process of deciding on government investments has become increasingly self-conscious. In the good old days when some local or special need or opportunity made its appearance the legislators debated the '*) This paper was written in conjunction with research sponsored bv the Corps of Engineers, U.S. Army and Resources for the Future. They are not, however, responsible for any of the opinions expressed in © Dorfman - pag.

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