Horizon in a Simple Model of Economic Growth.

Emmett B. Keeler

Expert InsightsPublished 1972

In plans of long run economic growth, the targets are often set further in the future than economic technologies can be reasonably estimated. Thus, planners may worry that plans which look good for the known future may in hindsight prove wasteful. While it is impossible to make optimal decisions without complete foreknowledge, perhaps limited foresight through computation of horizon in a model of economic growth may allow us to do almost as well. 10 pp. Ref.

Document Details

  • Copyright: RAND Corporation
  • Availability: Web Only
  • Year: 1972
  • Pages: 10
  • Document Number: P-4909

Citation

Chicago Manual of Style

Keeler, Emmett B., Horizon in a Simple Model of Economic Growth. Santa Monica, CA: RAND Corporation, 1972. https://www.rand.org/pubs/papers/P4909.html.
BibTeX RIS

This publication is part of the RAND paper series. The paper series was a product of RAND from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.