Suchergebnisse

This note presents the results of a questionnaire enquiry into replacement policies used in a sample of firms, mainly in the engineering industry.The enquiry was made as one part of a study of strategic factors in economic growth. This broader study has been focussed on the question : what factors influence the pace at which new and more efficient units of production, whether whole plants or individual machines, are introduced into industry in place of old ones, thus giving rise to increased productivity ?

The Review has now been appearing for more than two years; this article looks critically at our attempts at forecasting. Forecasting is not the Review's only purpose; it aims to provide a regular and systematic analysis of recent economic developments, which allows readers to form their own views of the future. Our forecasts provide one view for them to consider.