SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 
dL 
DIAGRAM ” 
model nf economic growth 
a 
Asser 
Lane 
| Ass 
—— 
Lat- 
that appears in the steady-state model. In each case the build- 
ing block is the same; what differs is the nature and direction 
of the arrows which show the relationships between the com- 
ponents. 
In each model the building block is repeated for as many 
years, or time-periods, as are necessary. In the transient model 
these time periods stretch from a base year, in our case 1960, 
‘0 the end of the transitional period, in our case 1969, and 
culminate in a single component, the stock of assets, as a ter- 
minal stock. This stock is shown in the right-hand top corner 
of the upper half of the diagram, enclosed in a double square. 
In the steady-state model, the time-periods stretch from the 
first post-transitional year, in our case 1970, into the indefinite 
P +7 
Stone - pag. 20