AGGREGATIVE PRODUCTION FUNCTIONS AND ECONOMIC GROWTH POLICY,

Abstract

Contents (the guidance for U. S. economic growth policy that is provided by the present knowledge of the relationship between aggregative inputs and the production possibilities open to an economy): Uncertainties about the aggregate production function; scope of theory (the weak links to policy instruments and objectives); role of theory in growth policy; strategy of policy making in situations where knowledge is mostly qualitative; proposed industrial expansion service before the U. S. Congress.

Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1965
Accession Number
AD0622765

Entities

People

  • Richard R. Nelson

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • Congress
  • Governments
  • Guidance
  • Production
  • Uncertainty

Fields of Study

  • Economics
  • Political science

Readers

  • Artificial Intelligence
  • Economics