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The Cambridge Growth Project
The Cambridge Growth Project was a large econometric research project set up in the University of Cambridge Department of Applied Economics in 1960 and ending in 1987. Its major academic contribution was the Cambridge Multisectoral Dynamic Model of the British economy. Led initially by Nobel Prize winner (1984) Professor Sir Richard Stone and later by Dr Terry Barker, the project developed a model of the British economy. It was used to forecast economic growth of the British economy in the 1970s, and was later used for regional and environmental modelling and forecasting. Funding for the project was first provided by the Ford Foundation, and later by the Social Sciences Research Council, replaced in 1983 by the Economic and Social Research Council. The model was made commercially available through a limited company, Cambridge Econometrics. This was set up by members of the project and celebrates 25 years in business in September, 2003. |
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