Bøger i International Studies in Economics and Econometrics serien

While Parts II and III are concerned with the effects of aggregated volumes of private foreign invest of the previous parts, the appraisal of ment, Part IV considers, independently projects financed through foreign investment and discusses the special fea tures of social benefit-cost analysis of such projects.

The research for this project was carried out while the author was at the staff of the Economics Faculty of Erasmus University Rotterdam. Working on the project I incurred considerable debts to some professors and fellow staff members of the faculty.

Consequently, even with or without the holding of the IGC, it will be urgently necessary to reform some of the Community's policies - notably the Common Agricultural Policy (CAP) and the structural poliCies which are linked, for example, 2 Europe - Toward 2001 with the Regional and Social Funds - before these countries become members.

Three different lines of approach have contributed to the theory of optimal planning. One approach considers the problem from the view-point of a national government and its adviser, the econometrician planning speci alist. A later, well-developed example of a model based on this approach is, for example, the Czech model by Cerny et al.

The papers published in this book were presented and dis­ cussed on occasion of the celebration of Albert Kervyn de Lettenhove's retirement on 29-30 May 1986. This conference was made feasible through the participation of a large au­ dience and the generous financial support of the Commission of the European Communities. The sessions were organised under three topics, as are the papers in this book. The first session, chaired by Massimo Russo, Director-General, Commission ofthe European Com­ munities was devoted to an evaluation of past and current debates of central macro-economic problems, those of growth and business cycle stabilization. The second session, chaired by Jean Godeaux, Governor of Belgium's National Bank, looked at innovations in the conduct of monetary pol­ icy and the opportunities offered and problems associated with innovations in fiancial markets. The last session, chaired by Baron Michel Woitrin, formerly Professor of Eco­ nomics and Head Administrator of the Universite Catholi­ que de Louvain, contains several empirical analyses and pol­ icy proposals. I 30 years ago growth theory was a very promising research field, at the center of macroeconomics and macroeconomics was at the center of economics. Robert Solow -one of the major contributors to growth theory -reexamines the perti­ nence of that body of theory to problems of our times. A. Steinherr and D. Weiserbs (eds), Employment and Growth: Issues for the 1980s. ISBN 90·247·3514·9.

In the early 1960s Nutter raised questions about the reported growth rates in socialist states, the importance of growth policies for human welfare, and the abil ity of macroeconomi cs to enhance our understandi ng of soci a 1 and economic processes.

Thus, comparing the number of parties and differences in electoral rules across countries cannot clearly test the effect of the electoral rules. Electoral Rules In the French Fourth Republic (1945 - 1958) political parties existed largely to serve the direct interests of their members.

In the autumn of 1961 Jan Salomon ('Mars') Cramer was appointed to the newly established chair of econometrics at the University of Amsterdam. Theory and measurement of consumer behaviour is represented by four papers, whereas a fifth paper deals with a related area.

The Group was also concerned by policy implications (part two), by the role and the specific nature of foreign investment (part three) and by theoretical developments which have clear empirical implications such as the problems of the measurement of capital utilisation and rates of return (part four).

This compact volume is meant as a modest contribution to the ongoing debate on how to transform in particular the radically reforming Eastern European economies into more productive sociopolitical organizations.

The Group was also concerned by policy implications (part two), by the role and the specific nature of foreign investment (part three) and by theoretical developments which have clear empirical implications such as the problems of the measurement of capital utilisation and rates of return (part four).

This compact volume is meant as a modest contribution to the ongoing debate on how to transform in particular the radically reforming Eastern European economies into more productive sociopolitical organizations.

One would think states and peoples have had so many bad experiences with inflation that politicians at the helm of these states would do everything within their power to avoid inflation and, in particular, its very intensive shape, i.

This book is about the specification of linear econometric models, and for this reason some important related fields have been deliberately omitted. A realistic formulation of the problem should involve non linearities in an essential way, the models I consider (and most existing models) are linear.

Thus, comparing the number of parties and differences in electoral rules across countries cannot clearly test the effect of the electoral rules. Electoral Rules In the French Fourth Republic (1945 - 1958) political parties existed largely to serve the direct interests of their members.

In the autumn of 1961 Jan Salomon ('Mars') Cramer was appointed to the newly established chair of econometrics at the University of Amsterdam. Theory and measurement of consumer behaviour is represented by four papers, whereas a fifth paper deals with a related area.

In the early 1960s Nutter raised questions about the reported growth rates in socialist states, the importance of growth policies for human welfare, and the abil ity of macroeconomi cs to enhance our understandi ng of soci a 1 and economic processes.

At the end of 1992, things will never again be the same inside the European Economic Community (EEC), because, as that year draws to a close, the aims of the Single Act of European Union (SAEU), which became law in July, this year, will have become effective - thus creating a 'real' Common Market.

It is probably true, as the editor of these essays and studies by Ragnar Frisch points out, that the majority of economists are not well aware of the contributions made to their discipline by Frisch.

Changing rules on the utilization of existing assets is evidently at the core of what the transi tion towards market-based economic systems should be all about Very often, however, this requires establishing new economic activities from domestic and foreign savings.