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

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. wis example. I presume education does include science and scientific research. DORFMAN [ am afraid that I think that it would strain the conventional meaning of « education » to use that word to include science and scientific research. The promotion of science and scientific research is, of course, an important function of government. These activities do have important external economies. The discoverer of an im- portant scientific truth cannot usually retain the benefits of his dis- covery even by means of a patent system. This kind of external economy, however, is sufficiently different from an external eco- nomy of consumption, as exemplified by the benefits to society of having its members better housed and better educated, so that it is best to deal with them separately and not to combine science and scientific research with education for analytic purposes MAHALANOBIS I meant when education is treated as an item of external eco- nomies, I simply enquired whether science would be included as an essential part. Another point on p. 5 is a practical one. In para g I agree that governments may invest in uneconomic enterprises with the inten: tion of enhancing the prestige of the nation, which would be undesir able. Steel plants are sometimes mentioned as prestigeous but une- conomic enterprises. Although I have been trying for a long time, I have not found any adequate discussion of the circumstances in which the setting up of a steel plant would be economic and proper. I could well imagine that a very small country like Panama should not do so. But it would be extremely useful to find out in specific cases, for example, for Ceylon which has rather a small population 3 Dorfman - pag. 29

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