Economic Growth Planning

R. M. Goodwin

Chapter 6 in Essays in Linear Economic Structures, 1983, pp 121-129 from Palgrave Macmillan

Abstract: Abstract The problem I propose to discuss in this paper is how to determine an economic plan for a growing economy in the medium run. The plan is required to be no more than a rough approximation and to give some detail but by no means complete detail. Within this range of precision, it is required to be consistent and optimal. Most economic discussions of planning are beside the point, since they are concerned only with small changes and with existing prices, equipment and technics. What is required is an analysis, however crude of the slowly cumulating changes bought by the expansion of output, employment and capital equipment.

Keywords: Capital Good; Underdeveloped Country; Capital Equipment; Foreign Exchange Reserve; Economic Discussion (search for similar items in EconPapers)
Date: 1983
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DOI: 10.1007/978-1-349-05507-4_6

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