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Abstract
This paper has three major objectives: First, to outline
the general nature of economic projections, including
methodology, limitations, and uses in policy
appraisal; second, to review a recent projection published
by Resources for the Future; and third, to
propose a general-purpose economic projection for
use by Government agencies in resource development
work. The general-purpose projection would
serve primarily as a reference for sector analyses and
more detailed regional, river basin, or similar smaller
area resource development studies.