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