A Detailed Projection of the Irish Economy to 1970. ESRI Memorandum Series No. 35 1966(?)

McGilvray, J. and Simpson, D. (1966) A Detailed Projection of the Irish Economy to 1970. ESRI Memorandum Series No. 35 1966(?). [Policy Paper]

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Abstract

The fundamental principle of the study is that better forecasts can be made of coefficients and flows in the economic system by direct methods than by mechanical projection. By direct methods we mean the enlistment of expert and technical advice for the compilation of specific estimates. In each sector of economic activity there exist sources of information, either published in the form of trade association memoranda, consultants' reports, technical journals, etc. or unpublished, in the notes of businessmen, which remain largely untapped. These sources can provide not only estimates of particular parameters, but also the background information essential to investigate the variance of any parameter.

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