Full text: Study week on the econometric approach to development planning

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 
LY 
HAAVELMO 
[ am not sure that I understand which parts of my paper Pro- 
fessor WoLD wants me to explain. My model is similar to other ele- 
mentary models frequently used as a basis for recommending certain 
short-run countercyclical fiscal policy measures. The purpose of 
ny paper is to illustrate possible long-run effects of such policy 
measures. My main conclusion is that such countercyclical policies, 
though very much better than nothing, may still be quite far from 
what could reasonably be called an optimal policv for economic 
orowth 
Haavelmo - pag.
	        
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