Planning and Resource Allocation in Developing Countries

Anthony Thirlwall

Chapter Chapter 7 in Growth and Development, 1989, pp 179-203 from Palgrave Macmillan

Abstract: Abstract In this part of the book we turn to major issues of development strategy concerning the use of investment criteria (and particularly social cost-benefit analysis) for the allocation of resources; the choice of techniques, and the use of the techniques of input-output analysis and linear programming. There will be separate chapters devoted to each of these subjects. In this preliminary chapter we discuss briefly the rationale for planning, together with some of the broader policy issues confronting decision makers and some of the early investment criteria for resource allocation suggested by development economists.

Keywords: Market Mechanism; Social Welfare Function; Balance Growth; Future Consumption; External Economy (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19837-5_7

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DOI: 10.1007/978-1-349-19837-5_7

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