Economic Planning Models for Development: The Relevance for a Developing Economy
Bashir Olayinka Kolawole, Taiwo Victor Ojapinwa
Abstract
This paper examines the relevance of selected planning models in the attempt to reduce poverty and achieve
economic growth and development in Nigeria through national economic development plans. A synopsis of the
linear programming and input-output models asserts a preference for the linear programming (optimizing) model
due to the heterogeneous development pattern in the country coupled with gaps between the achievements vis-avis
the objectives and strategies of the plans.
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