Development Policy And Planning: An Introduction To Models And Techniques

DEVELOPMENT POLICY AND PLANNING Economic controls are giving way to market forces as the main vehicle of development. Yet the techniques and models of development planning are still relevant to policy makers: governments must continue to exercise economic management and direction to accelerate market-led growth. Development planning provides a useful set of analytical techniques to facilitate economic decision making and management and, by assembling a set of empirical relationships for the whole economy, identifies the effects of particular policy changes. With the continuing evolution of techniques, models can now be designed to match the constraints and objectives of individual economies. Development Policy and Planning provides a lucid explanation of the main techniques used for economic policy formulation in developing countries, and discusses their application. Including growth modelling, social accounting matrices, computable general equilibrium models, linear programming and costbenefit analysis, this book describes each technique and, by the use of empirical examples, illustrates the methods by which economies can be guided towards their development goals. Anis Chowdhury is Senior Lecturer in Economics at the University of Western Sydney. Colin Kirkpatrick is Professor of Development Economics at the University of Bradford. DEVELOPMENT POLICY AND PLANNING An introduction to models and techniques Anis Chowdhury and Colin Kirkpatrick London and New York First published 1994 by Routledge 11 New Fetter Lane, London EC4P 4EE This edition published in the Taylor & Francis e-Library, 2005. “To purchase your own copy of this or any of Taylor & Francis or Routledge’s collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk.” Simultaneously published in the USA and Canada by Routledge 29 West 35th Street, New York, NY 10001 © 1994 Anis Chowdhury and Colin Kirkpatrick All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library ISBN 0-203-42390-9 Master e-book ISBN ISBN 0-203-73214-6 (Adobe eReader Format) ISBN 0-415-09888-2 (Print Edition) ISBN 0-415-09889-0 (Print Edition) Pbk Library of Congress Cataloging in Publication Data Chowdhury, Anis, 1954– Development policy and planning: an introduction to models and techniques/Anis Chowdhury and Colin Kirkpatrick. p. cm. Includes bibliographical references and index. ISBN 0-415-09888-2: $45.00 (U.S.)—ISBN 0-415-09889-0 (pbk.): $14.95 (U.S.) 1. Economic development—Mathematical models. 2. Economic policy—Mathematical models. 3. Planning—Developing countries— Mathematical models. I. Kirkpatrick, C. II. Title. HD75.5.C52 1994 338.9′001′5118–dc20 93–7404 CIP To Our Families CONTENTS 1 2 3 4 List of figures vii List of tables viii Preface