Optimum investment development strategy

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Jiron-Cajina, Rolando
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The Department of Economic Science was founded in 1898 to teach economic theory as a truth of industrial life, and was very much concerned with applying economics to business and industry, particularly agriculture. Between 1910 and 1967 it showed the growing influence of other social studies, such as sociology, history, and political science. Today it encompasses the majors of Agricultural Business (preparing for agricultural finance and management), Business Economics, and Economics (for advanced studies in business or economics or for careers in financing, management, insurance, etc).

The Department of Economic Science was founded in 1898 under the Division of Industrial Science (later College of Liberal Arts and Sciences); it became co-directed by the Division of Agriculture in 1919. In 1910 it became the Department of Economics and Political Science. In 1913 it became the Department of Applied Economics and Social Science; in 1924 it became the Department of Economics, History, and Sociology; in 1931 it became the Department of Economics and Sociology. In 1967 it became the Department of Economics, and in 2007 it became co-directed by the Colleges of Agriculture and Life Sciences, Liberal Arts and Sciences, and Business.

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  • Department of Economic Science (1898–1910)
  • Department of Economics and Political Science (1910-1913)
  • Department of Applied Economics and Social Science (1913–1924)
  • Department of Economics, History and Sociology (1924–1931)
  • Department of Economics and Sociology (1931–1967)

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The problem of the spatial distribution of public investment for development is examined using the country of Guatemala as a case study. Priorities for investment are defined at the county level on the basis of the need for roads, health and education delivery infrastructure, water and electricity distribution systems as well as potential increase in agricultural output. The need for roads, health, education, water and electricity was determined using gap analysis. In the derivation of the gaps, moving standards that varied according to the specific conditions of the county involved were used. The potential increase in agricultural production was estimated through the analysis of presently used indigenous methods which have proven to be yield effective. A computerized mapping system is used to simulate the spatial distribution of investments as different weights are attached to the needs for services and the potential for increased agricultural production;The hierarchy of central places for Guatemala is estimated and used as the reference system for the location of public sector investments. A multiple goal programming model is used to simulate public sector investments in view of the fulfillment of competing goals and the financial and institutional constraints of the government.

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Fri Jan 01 00:00:00 UTC 1982