International Journal of Humanities and Social Science

ISSN 2220-8488 (Print), 2221-0989 (Online) 10.30845/ijhss

Economic Planning Models for Development: The Relevance for a Developing Economy
Bashir Olayinka Kolawole, Taiwo Victor Ojapinwa

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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