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:: On the concept of optimal economic growth / Tjalling C. Koopmans, Cowles Foundation for research in Econimics at Yale University New Haven, Conn. - U.S.A.

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L'ANALYSE ECONOMETRIQUE ETC. a goods producing three types of consumer goods; the basket changes but there need not be any change in the total aggregation of capital goods which goes on increasing. The one-commodity model seems to me to be illustrative, and the conclusions may remain valid even if we have many commodities. This question, of course, cannot be settled without going through the full exercise of rigorous analysis. There are three points which have been summarised in sections 5 and 6. The point about open end I think has been clearly brought out and is logically valid. [ am repeating the question again: whether one commodity or many commodities would affect that result. Theoretically some pre- ference functions may change. The order with which Prof. Koop- MANS started, that pattern of ordering, may also change. Bu: I think Prof. KooPMANS took care to point out that some kind of good ordering is all that he was keeping in mind. A further point which is discussed on page 32, that it is likely that technological advance would continue; even if it slows down, even then, from the point of view of the present generation, the discrimination would be in favour of future generations. The que- stion of basic decision is not whether the hundredth generation from now would be in a somewhat less favourable position; the decreasing return in terms of generations may be there even if the technological advance continued at the same rate. I do not see this as a very important consideration for present decisions. This particular paper seems to me to be of value because of the wider implications of this Study Week. It is not a Study Week arranged by a specialist econometric society but by the Pontifical Academy of Sciences. My interest, as I have continually stressed, 's in the broader implications. And from that point of view I wel- come this paper as likely to have a very valuable educative effect. It is more difficult to speak on the question of population size. [t may differ from country to country. Prof. KooPMaNs has pointed out that where the density of population is extremely small, there may be some advantage in increasing their number, but where the density of population is high the position may be different 4+) Koopmans - pag. 73

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