Accession Number : AD0762611
Title : On Regional Development and Dynamic Models,
Corporate Author : RAND CORP SANTA MONICA CALIF
Personal Author(s) : Moore,Frederick T.
Report Date : NOV 1961
Pagination or Media Count : 29
Abstract : Several topics are discussed in the paper. The topics run from the general to the very specific but have a common core. The first section discusses the general problem of appropriate criteria for regional development; this is a problem in 'sub-optimization.' In the second section one particular criterion -- the maximization of the output-investment ratio -- is considered and shown to have some serious flaws. Finally, in the third section, an alternative set of criteria is offered, and a specific dynamic model incorporating those criteria is described. Some results of the application of that model to the economy of the State of California are presented.
Descriptors : (*ECONOMICS, MATHEMATICAL MODELS), LINEAR PROGRAMMING, INDUSTRIAL PRODUCTION, GROWTH(PHYSIOLOGY), MATRICES(MATHEMATICS), CALIFORNIA
Subject Categories : Economics and Cost Analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE