Modeling the Economic Development of a Poorly Endowed Region; The Northeast of Thailand
RAND CORP SANTA MONICA CA
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Application is presented of a simulation model for the economic development of a poorly endowed region. Over 100 equations are derived for the northeast of Thailand to study growth prospects for a 25 year period, 1960 to 1985. Results of computer runs in the form of case histories were obtained and compared to determine the likely effects of several sets of conditions and policy alternatives on development objectives. Subsistence alone poses a problem that must be met with sustained national effort in all sectors.
- Economics and Cost Analysis