Analysis‐of‐variance techniques for the study of economic development

Summary

The process of economic development is a complex phenomenon which entails economic, institutional, social, cultural and political transformations interacting with each other in complicated mutual feedback relationships. The study of economic development should therefore be concerned with disentangling the fundamental interactions among these diverse forces as they impinge both upon each other and upon the capacity of the system to generate widespread and continuous economic growth.

Notes

Professor of Economics at Northwestern University and Professor of Economics at The American University, Washington, D.C. This paper was originally prepared for presentation at the World Conference of the Society for International Development, New Delhi, India, November 14-17, 1969.