Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

A. Ghosh

Abstract

This paper seeks to establish the thesis that all round development over a sufficiently large area is not possible. Since, an increase in production has a two- fold effect while markets of some sectors located in specific regions are stimulated, invariably there is a depressing effect on some other regions or sectors. There is thus, rarely a balanced growth either over all regions or over all sectors. To counter balance this tendency, as far as possible through mobility of labour and transfer of capital from one sector to another becomes necessary. A historical illustration with time series data for Iran of the middle east growing very fast as a whole at that time is given.

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A. Ghosh , D. Chakraborty

Abstract

In this paper an attempt has been made to extend the input-output model in a new direction by bringing the population into the model on the lines of other sectors but in a meaningful way by extending slightly the concept of the augmented matrix which incorporates the consumption vector (col) and employment vector (row) within the model with its own system of co-efficients.

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A. Ghosh , T. K. Das

Abstract

Conventional input-output analysis either in its static form or in its dynamic form normally requires a non-singular coefficient matrix for the solution of its system of equations. This sets a handicap to the handling of interesting systems of equation except by severely reducing its size to the minimum achievable non-singular form, or, to approach the system in ways which do not require the inversion of the coefficient matrix.

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A. Ghosh

Abstract

The original input-output model as formulated by Professor Leontief was one of a general equilibrium type, popularly known as the closed version, described in condensed form below:

Let x_l, X₂, X₃ be the outputs of three sectors in the economy X_l, x₂ being intermediate sectors and X₃ the household sector. Let X_ij (i, j = 1,2,3) be the flows or deliveries from sector i to j in such a system. Then two sets of balance relations could be set up.

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A. Ghosh

Abstract

This paper is in the nature of an exploratory study into the optimal pattern of regional production and exchange of commodities in India. The process of economic development for India as a whole has raised urgent problems of the kind of dispersion that should he made of industries in order that the different regions may have satisfactory rates of growth without loss of efficiency, while the operation of the industries as a whole may also be efficient both as regards production and transportation. This is important especially in India in view of the fact that a large part of total industrial investment in India is in the public sector and is, therefore, guided according to notions of national welfare, in so far as is consistent with certain norms of efficiency.

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