Main Results of the Bonn—IIASA Research Project

  • Wilhelm Krelle

Summary

This chapter presents the main results of the Bonn—IIASA Research Project on economic growth and structural change as far as the work of the central group is concerned. First, the model is outlined. The basic assumptions about the main driving forces of the economic development (technical progress and capital accumulation) are stated, and finally the results (given in the Annexes) are discussed. They may be summarized as follows. The growth process will continue, but at a slower rate. The CMEA countries will come nearer to the OECD countries, but not much. Within the group of the OECD countries, some smaller ones will pass the USA as far as labor productivity and standard of life is concerned. Some developing countries (especially Black Africa and India) will stay behind so that the world income distribution will further deteriorate. The developing countries (with the exception of the oil-exporting countries), the USA and some European countries will keep their trade deficit, though (in the case of the USA) it will decline.

Keywords

Europe Income Expense Stein Argentina 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Efron, B. and Morris, C. (1977), Stein’s Paradox in Statistics, Scientific American, 236 (5), May, pp. 119–127.Google Scholar
  2. Houthakker, H.S. (1955–1956), The Pareto Distribution and the Cobb—Douglas Production Function in Activity Analysis, Review of Economic Studies,23pp. 27ff.Google Scholar
  3. Jorgenson, D.W. (1971), Econometric Studies of Investment Behavior: A Survey, Journal of Economic Literature, 9, pp. 111ff.Google Scholar
  4. Jorgenson, D.W. (1972), Investment Behavior and the Production Function, Bell Journal of Economics and Management Science, 3, pp. 220ff.Google Scholar
  5. Krelle, W. and Pallaschke, D. (1981), A General Demand System, Zeitschrift für Nationalökonomie, 41, pp. 223ff.Google Scholar
  6. Krelle, W. (1981), Die repräsentative Firma — Ein sinnvolles Konzept in Volks— und Betriebswirtschaftslehre? pp. 81ff. in: K. Brockhoff and W. Krelle (eds.), Unternehmensplanung. ( Berlin, Heidelberg, New York: Springer ).Google Scholar
  7. Krelle, W. and Welsch, H. (1986), Determination of Exchange Rates and Capital Flows for OECD Countries,Discussion paper B 46, Sonderforschungsbereich 303, University of Bonn.Google Scholar
  8. Marer, P. (1985), Dollar GNPs of the USSR and Eastern Europe. ( Baltimore and London: Johns Hopkins University Press).Google Scholar
  9. Steindl, J. (1965), Random Process and the Growth of Firms. A Study of the Pareto Law. ( London: Griffin).Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

  • Wilhelm Krelle

There are no affiliations available

Personalised recommendations