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

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Title:: Croissance optimales dans un modele macroeconomique / E. Malinvaud, Institut National de la Statistique et des Etudes Economiques Paris - France

Collection:: Economics Books

380 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 MALINVAUD No, I do not think that is correct. For instance in the linear logarithmic case with epsilon greater than 1, there is a whole family of paths which meets the recursive requirements and the sign restric- tions. Just one path satisfies condition 1 and is therefore optimal. HAAVELMO I have a somewhat strange question which may or may not be relevant to what Professor Koopmans said. It is this: it seems that political groups of powers often see it as their task to try to impose upon people, or to convince people that they should accept a smaller discount rate for evaluating the future gains from development projects than would appear to be the individual discount rate, and as time passes, people often say that the politicians were right. Now I have a feeling that this may have some connection with KoopMAN’s thesis, but I am not quite sure. ALLAIS I will begin with a few remarks relating to both papers. First point: both papers use a single preference function. Perhaps this may be useful, but it can be quite dangerous for a very drastic and very strong hypothesis is introduced into the models and some of the conclusions derived using this hypothesis can be questioned. Even if a single preference function could be assumed, the form of this preference function would be open to discussion. In the (*) From here on the discussion concerns both the paper presented by MALINVAUD and the earlier one presented bv KcopMANs -5] Malinvaud - pag. 80

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