Indicative planning in developing countries
AbstractIndicative planning which involves the establishment of sectoral targets which are not compulsory for the private sector and are embedded in macroeconomic projections that pertain to a period of several years. Indicative planning has been widely practiced in developing countries during the post war period. At the same time, the review of the experience of those countries indicates that it failedd to have favourable economic effects while utilizing scarce administrative resources. That lack of success of planning, together with the growing understanding of the importance of incentives and markets, have contributed to the decline of planning in the 1980s. THe question remains, then, what should the role of the public sector in developing countries be? Available evidence indicates the superiority of private enterprises over public enterprises. Nevertheless there is evidence that infrastructural investments favourably affect private investment. At the same time, such investments should be subject to rigorous project evaluation so that appropriate choices may be made among alternative investments. Thus the usefullness of planning re-emerges in the confines of public sector investment in infrastructure.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 439.
Date of creation: 31 May 1990
Date of revision:
Economic Theory&Research; Environmental Economics&Policies; Health Monitoring&Evaluation; Poverty Assessment; ICT Policy and Strategies;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hill, Hal, 1982. "State enterprises in a competitive industry: An Indonesian case study," World Development, Elsevier, vol. 10(11), pages 1015-1023, November.
- Balassa, Bela, 1988. "Public finance and economic development," Policy Research Working Paper Series 31, The World Bank.
- Romer, Paul M., 1989. "What determines the rate of growth and technological change?," Policy Research Working Paper Series 279, The World Bank.
- Thomas, Vinod, 1989. "Developing country experience in trade reform," Policy Research Working Paper Series 295, The World Bank.
- Feder, Gershon, 1983. "On exports and economic growth," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 59-73.
- Krueger, Anne O & Tuncer, Baran, 1982. "An Empirical Test of the Infant Industry Argument," American Economic Review, American Economic Association, vol. 72(5), pages 1142-52, December.
- Balassa, Bela, 1978. "Exports and economic growth : Further evidence," Journal of Development Economics, Elsevier, vol. 5(2), pages 181-189, June.
- Nishimizu, Mieko & Robinson, Sherman, 1984. "Trade policies and productivity change in semi-industrialized countries," Journal of Development Economics, Elsevier, vol. 16(1-2), pages 177-206.
- Laird, Sam & Nogues, Julio, 1988. "Trade policies and the debt crisis," Policy Research Working Paper Series 99, The World Bank.
- Planificación indicativa in Wikipedia Spanish ne '')
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.