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Consistent Projections in Multi-Sector Models

Richard Stone

Chapter Chapter 9 in Activity Analysis in the Theory of Growth and Planning, 1967, pp 232-244 from Palgrave Macmillan

Abstract: Abstract This paper is concerned with two issues: what do we mean by consistency, and how can we attain it in projections made from multisector models. I propose to discuss these questions in terms of a specific model (Cambridge, Dept, of Applied Economics, 1962a),1 in which a distinction is made between long-term problems and transitional problems of adaptation. This will enable me to give specific illustrations of the various points I want to make, but will not, I think, detract appreciably from the generality of what I have to say. Indeed, most of my remarks are independent of the degree of aggregation and so apply as much to highly aggregated models as to highly disaggregated ones.

Keywords: Planning Experience; Transitional Period; Social Account Matrix; Social Account; Engel Curve (search for similar items in EconPapers)
Date: 1967
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08461-6_9

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DOI: 10.1007/978-1-349-08461-6_9

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