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In 1965, a group of economists at Harvard University established
the Project for Quantitative Research in Economic Development in
the Center for International Affairs. Brought together by a common
background of fieldwork in developing countries and a desire to
apply modern techniques of quantitative analysis to the policy
problems of these countries, they produced this volume, which
represents that part of their research devoted to formulating
operational ways of thinking about development problems. The
seventeen essays are organized into four sections: General Planning
Models, International Trade and External Resources, Sectoral
Planning, and Empirical Bases for Development Programs. They raise
some central questions: To what extent can capital and labor
substitute for each other? Does development require fixed inputs of
engineers and other specialists in each sector or are skills highly
substitutable? Is the trade gap a structural phenomenon or merely
evidence of an overvalued exchange rate? To what extent do
consumers respond to changes in relative prices?
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