Synopses & Reviews
In 1965, a group of economists at Harvard University established the Project for Quantitative Research in Economic Development in the Center for International Affairs. Brought together by a common background of fieldwork in developing countries and a desire to apply modern techniques of quantitative analysis to the policy problems of these countries, they produced this volume, which represents that part of their research devoted to formulating operational ways of thinking about development problems.
The seventeen essays are organized into four sections: General Planning Models, International Trade and External Resources, Sectoral Planning, and Empirical Bases for Development Programs. They raise some central questions: To what extent can capital and labor substitute for each other? Does development require fixed inputs of engineers and other specialists in each sector or are skills highly substitutable? Is the trade gap a structural phenomenon or merely evidence of an overvalued exchange rate? To what extent do consumers respond to changes in relative prices?
Table of Contents
General Introduction Hollis B. Chenery
Part I: General Planning Models
Introduction to Part I
David Kendrick and Arthur MacEwan
Numerical Methods and Nonlinear Optimizing Models for Economic Planning
David Kendrick and Lance Taylor
Substitution in Planning Models
Hollis B. Chenery and William J. Raduchel
Investment Timing in Two-Gap Models
Lance Taylor
An Intertemporal Planning Model Featuring Economies of Scale
Larry E. Westphal
Part II: International Trade and External Resources
Introduction to Part II
Hollis B. Chenery and Thomas E. Weisskopf
Alternative Patterns of Import Substitution in India
Thomas E. Weisskopf
Interaction between Domestic and Foreign Resources in Economic Growth: Some Experiments for India
Suresh D. Tendulkar
Problems of Interregional and Intersectoral Allocation: The Case of Pakistan
Arthur MacEwan
Optimal Patterns of Trade and Development
Michael Bruno
Foreign Aid and Economic Development: The Case of Greece
Irma Adelman and Hollis B. Chenery
Part III: Sectoral Planning
Introduction to Part III
Samuel Bowles and Walter Falcon
A Programming Approach to Some Agriculture Policy Problems in West Pakistan
Carl Gotsch
Efficient Allocation of Resources in Education
Samuel Bowles
Optimal Allocation of Investment in Education
C. R. S. Dougherty
Part IV: Empirical Bases for Development Programs
Introduction to Part IV
Christopher Sims and Carl Gotsch
Saving Functions for Latin America
Luis Landau
Demand Elasticities for a Developing Economy; An International Comparison of Consumption Patterns
Richard Weisskoff
Estimation of Factor Contribution to Growth under Structural Disequilibrium
Michael Bruno
Growth Effects of Changes in Labor Quality and Quantity, Greece: 1951-1961
Samuel Bowles
Labor Input Substitution in the Study of Sources of Growth and Educational Planning
Marcelo Selowsky
References
Index