Growth Models and their Application to Long-term Planning and Forecasting

L. V. Kantorovitch and V. L. Makarov

Chapter 3 in Methods of Long-term Planning and Forecasting, 1976, pp 51-71 from Palgrave Macmillan

Abstract: Abstract A general picture of growth models, their basic types and features, is given in the paper. Possibilities of their implementation at the stage of preliminary long-term planning are discussed, as well as their application to calculations of a highly aggregated long-term plan, i.e. for a period of about ten years. In the last part of the paper a specific class of models based on input-output information is examined. Results of experimental calculations are given, together with discussion of ways and means of utilisation of such models in the practical work of Gosplan.

Keywords: Growth Model; Optimal Trajectory; Shadow Price; Growth Path; Final Consumption (search for similar items in EconPapers)
Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-02649-4_3

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DOI: 10.1007/978-1-349-02649-4_3

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