On Regional Development and Dynamic Models,
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.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1961
- Accession Number
- AD0762611
Entities
People
- Frederick T. Moore
Organizations
- RAND Corporation