On regional development and dynamic models.

by Frederick T. Moore

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A discussion of the problem of criteria for regional development. The author examines one type of growth model, based on the maximization of the output-investment ratio. This apparently persuasive way of looking at the problem of growth is shown to have some serious flaws. In addition, a reformulation of a regional growth model is presented, and some results of its application to the economy of the State of California are analyzed.

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