IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/439.html
   My bibliography  Save this paper

Indicative planning in developing countries

Author

Listed:
  • Balassa, Bela

Abstract

Indicative 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.

Suggested Citation

  • Balassa, Bela, 1990. "Indicative planning in developing countries," Policy Research Working Paper Series 439, The World Bank.
  • Handle: RePEc:wbk:wbrwps:439
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1990/05/01/000009265_3970619111036/Rendered/PDF/multi0page.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Krueger, Anne O & Tuncer, Baran, 1982. "An Empirical Test of the Infant Industry Argument," American Economic Review, American Economic Association, vol. 72(5), pages 1142-1152, December.
    2. Balassa, Bela, 1978. "Exports and economic growth : Further evidence," Journal of Development Economics, Elsevier, vol. 5(2), pages 181-189, June.
    3. Andrew M. Watson & Joel B. Dirlam, 1965. "The Impact of Underdevelopment on Economic Planning," The Quarterly Journal of Economics, Oxford University Press, vol. 79(2), pages 167-194.
    4. Thomas,Vinod, 1989. "Developing country experience in trade reform," Policy Research Working Paper Series 295, The World Bank.
    5. Laird, Sam & Nogues, Julio, 1988. "Trade policies and the debt crisis," Policy Research Working Paper Series 99, The World Bank.
    6. Romer,Paul M, 1989. "What determines the rate of growth and technological change?," Policy Research Working Paper Series 279, The World Bank.
    7. Feder, Gershon, 1983. "On exports and economic growth," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 59-73.
    8. Hill, Hal, 1982. "State enterprises in a competitive industry: An Indonesian case study," World Development, Elsevier, vol. 10(11), pages 1015-1023, November.
    9. 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.
    10. Balassa, Bela, 1988. "Public finance and economic development," Policy Research Working Paper Series 31, The World Bank.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Economic Theory&Research; Environmental Economics&Policies; Health Monitoring&Evaluation; Poverty Assessment; ICT Policy and Strategies;

    Lists

    This item is featured on the following reading lists or Wikipedia pages:
    1. Planificación indicativa in Wikipedia Spanish ne '')

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:439. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi). General contact details of provider: http://edirc.repec.org/data/dvewbus.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.