BIDS IT Bangladesh Institute of Development Studies
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Premier multi-disciplinary autonomous public research organization

BDS Current Issue Volume I, No. 1, 1973

A Note on the Political Economy of Development Theory

Author: Gordon C.Winston

A Note on Capacity Utilization in the Jute Manufacturing Industry of Bangladesh

Author: Qazi Kholiquzzaman A

A Study of Bangladesh Farmer's Experiences with IR-20 Rice Variety and Complementary Production Inputs

Author: Refugio I. Rochin

Size-Structure, Productivity and Growth: A Case Study of West Bengal Agriculture

Author: Arabinda Ghosh

Foodgrain (Rice and Wheat) Demand, Import and Price Policy for Bangladesh

Author: Mohiuddin Alamgir &a

Conflicts between Output and Employment Objectives in Developing Countries

Author: Frances Stewart and

Abstract
Neither of the objectives, maximum output and maximum employment, are unambiguous. The output objective is ambiguous because output at any time consists of a heterogeneous collection of goods. Types of employment, in duration—daily, weekly, and seasonally—in effort and by regions, etc., also differ. In addition, both output and employment occur over time. Current levels of output and employment may influence future levels. Weighting therefore both intra- and inter-temporally is crucial to the definition of the objectives. However, we shall begin by ignoring these ambiguities and assume that our sole concern is with current levels of output and employment, and that maximizing current levels automatically leads to achievement of future objectives, or put more formally, that maximizing current levels of output and employment is equivalent to maximizing the present value of the entire streams of output and employment over time. We shall also begin by assuming that there is a single index for output and one for employment.  

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