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

Usage license:: Get license information via the feedback formular.

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

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: The role of capital in economic development / Maurice Allais, Ecole Nationale Supérieure de Mines Paris - France

Collection:: Economics Books

Document type:: Monograph

Structure type:: Chapter

Title:: The role of capital in economic development / Maurice Allais, Ecole Nationale Supérieure de Mines Paris - France

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L'ANALYSE ECONOMETRIQUE ETC. 883 In this latter case, a growth in new savings could have major beneficial effects. They would however be due not to the inadequate volume of savings which had been accumulated in the past, but to their defective utilisation in the form of economically erroneous investments. In a situation of this kind, it is not the global volume of accumulated savings which is at issue, but its use in the form of non-productive investments. Thus inefficient management vather than insufficient capital intensity must be considered as providing the explanation of unduly low average productivity (1). [t is thus clear that the important factor is not so much the volume of accumulated savings evaluated in terms of the number of years national income it represents — which does not vary greatly from one country to another, even including underdeveloped countries - but the use that these savings are put fo (!) See my book: A United Europe, the Road to Prosperity (CALMANN-LÉvy, 1960), Chap. II, pp. 28 to 38 and 42 to 51 and Appendix € ‘ac: to 207) Allais - pag. 187

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