Object: Study week on the econometric approach to development planning

SEMAINE D'ÉTUDE SUR LE ROLE DE L ANALYSE ECONOMETRIOUE ETC. 
1045 
3. The base year values of the variables used for projec- 
tion, presented in the following tables, are summarized below 
The base year is 1950. 
Gross National Product 
(domestic) . . . 
Productive Investment (to- 
tal) . . . . 
Capital Transfer from De- 
veloped to Underdeve- 
lobed Areas . . . 
Growth rate of the do- 
mestically produced 
Gross National Product 
Developed Ateas 
Underdeveloped Areas 
$2,105 billion $195 billion 
$228 billion $15 - $22 billion 
p4 billion 
+ 0-0 VA 
A 
Nv 
The Developed Areas comprises Western Europe (exclud 
ing Spain, Portugal, Greece and Turkey) United States, Ca- 
nada, Japan, Soviet Russia and other socialist countries; the 
Underdeveloped Areas comprises all other countries. Since 
these estimates, compiled from United Nations and other sta- 
tistical sources, are supposed to cover all countries, they ob- 
viously are subject to a very substantial margin of error. The 
estimates of the annual rate of gross productive investment in 
the Underdeveloped Areas, which is particularly uncertain, is 
presented not as a single figure but in terms of two figures — 
a high and a low — which does not mean of course that the 
true magnitude still might not lie outside of that range. 
For similar reasons the base year estimate of the long-run 
growth rates of the GNP’s is also presented for each area in 
the form of two percentage figures — a higher and a lower one. 
in 
5. The calculations, the results of which are summarized 
Tables T to VI, show how the future economic growth of 
3] Leontief - pag. 7
	        
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