SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC.
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DIAGRAM ”
model nf economic growth
a
Asser
Lane
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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