Accession Number:

AD0762611

Title:

On Regional Development and Dynamic Models,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

Report Date:

1961-11-01

Pagination or Media Count:

29.0

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.

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE