Models and Projections of Demand in Post-War Britain
The first number of our earlier series, A Programme for Growth, carried a notice of forthcoming papers. Five were announced but eventually only four were published. The fifth, which was intended to deal with consumption functions, never appeared; now it t
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MODELS AND PROJECTIONS OF DEMAND IN POST-WAR BRITAIN
WORKS OF THE CAMBRIDGE GROWTH PROJECT PUBLISHED FOR THE DEPARTMENT OF APPLIED ECONOMICS, UNIVERSITY OF CAMBRIDGE, BY CHAPMAN AND HALL General Editor: RICHARD STONE
A PROGRAMME FOR GROWTH
1. A Computable Model of Economic Growth (July 1962). Richard Stone and Alan Brown. 2. A Social Accounting Matrix for 1960 (October 1962). Richard Stone and others. 3. Input-Output Relationships, 1954-1966 (September 1963).* John Bates and Michael Bacharach. 4. Capital, Output and Employment, 1948-1960 (April 1964). Graham Pyatt assisted by Patricia Hutcheson. 5. The Model in its Environment (July 1964). Richard Stone.
6. Exploring 1970 (July 1965). Alan Brown and others. 7. The Owners of Quoted Ordinary Shares (November 1966). Jack Revell and John Moyle. 8. The Demand for Fuel, 1948-1975 (November 1968). Kenneth Wigley. 9. Exploring 1972 (May 1970). Terence Barker and Richard Lecomber. 10. The Determinants of Britain's Visible Imports, 1949-1966 (December 1970). Terence Barker. 11. The Financial Interdependence of the Economy, 1957-1966 (October 1971). Alan Roe. 12. Structural Change in the British Economy, 1948-1968 (May 1974). Alan Armstrong. CAMBRIDGE STUDIES IN APPLIED ECONOMETRICS
1. Models and Projections of Demand in Post-War Britain. Angus Deaton.
* Out of print
MODELS AND PROJECTIONS OF DEMAND IN POST-WAR BRITAIN
ANGUS DEATON
SPRINGER-SCIENCE+BUSINESS MEDIA, B.V.
© 1975 Angus Deaton Originally published by Chapman and Hall in 1975 Softcover reprint of the hardcover 1st edition 1975
Typeset by E.W.C. Wilkins Ltd, London and Northampton and printed in Great Britain at the University Printing House, Cambridge ISBN 978-0-412-13640-5 ISBN 978-1-4899-3113-9 (eBook) DOI 10.1007/978-1-4899-3113-9 All rights reserved. No part of this book may be reprinted, or reproduced or utilized in any form or by any electronic, mechanical or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publisher.
INTRODUCTION TO THE NEW SERIES In the past twelve years the members of the group working on the Cambridge Growth Project produced twelve volumes in the series A Programme for Growth in addition to a large number of journal articles and other publications. Although the title of our former series expressed well enough our intentions when the project began, it has for some time given a rather restricted impression of the work on which we have actually been engaged. This work relates to the construction of a disaggregated model of the British economy designed to throw some light not only on questions of growth but also on questions of stability and on the likely effects of government policies for economic control. Further, while the size of the national cake is important, so is its distribution; and while we rely largely on technical progress to increase the size of the cake, we cannot ignore in these days its possible effect on the environment. Because of thes
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