Accession Number : AD0270637

Title :   ECONOMIC DEVELOPMENT AND POSTWAR RECUPERATION: A COMPARISON OF INDUSTRIAL PRIORITIES

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : MASSELL,BENTON F. ; WOLF,CHARLES JR.

Report Date : JAN 1962

Pagination or Media Count : 1

Abstract : The priority of various industries for economic development in less-developed areas and for economic recuperation in advanced countries in the event of thermonuclear war is compared. Theoretical reasons are discussed for expecting both similarities and differences between industrial priorities in the development and recuperation contexts. A particular measure of industrial priority for economic recuperation is described from earlier work. This measure is then correlated successively with each of three measures of industrial priority for economic development: a measure due to Hirschman based on linkage effects; a measure due to Chenery based on the growth elasticity of different industries with respect to changes in per capita national income; and a measure of priority based on industrial growth under India's Five Year Plan. The three correlations yield different results but suggest, on balance, a weak but positive relationship between priorities in the two contexts. Some possible implications of these results for U.S. policy are briefly discussed. (Author)

Descriptors :   *ECONOMICS, INDUSTRIES, MOBILIZATION, NUCLEAR EXPLOSION DAMAGE, WARFARE

Distribution Statement : APPROVED FOR PUBLIC RELEASE