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- W567371331 abstract "This paper describes the main features of the global model system used in preparing the World Bank's World Development Report, 1979. The system provides a quantitative basis for the study of growth prospects in developing countries in the context of the world economy, and has been used to make projections for the period 1975-90. It is not a finished product, but part of a continuing effort to improve the Bank's analytical methods. At present it consists of three main modules linked via recursive iteration: (i) models of economic activity in eleven developing regions, together with sets of projections for industrialized countries, capital surplus oil exporting countries and centrally planned economies; (ii) a module describing international trade flows and commodity prices; and (iii) a module describing the global supply of various types of capital and their allocation among regions. The models for developing regions are dynamic optimizing models in the tradition of economy-wide planning models. Aggregate output of the region in question is maximized subject to constraints imposed by technology, behavior, domestic policy choices and the international economic environment." @default.
- W567371331 created "2016-06-24" @default.
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- W567371331 date "1979-09-30" @default.
- W567371331 modified "2023-09-27" @default.
- W567371331 title "The global framework" @default.
- W567371331 hasPublicationYear "1979" @default.
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