SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC.
74
The elements of s and s relate to the total stock of capital goods,
grouped according to the producing industry, not according
to the using industry.
Second, at the end of the transitional period, which runs
from ®=1 to ®=1- 1, the terminal stock vector, E,s, must
have a certain minimum value, s say, to make possible the
production levels in the first year of the state of steady growth
as determined by the long-run model. That is,
(V. 2)
Third, at all times there must be adequate capacity to make
possible the level of production decided on. That is,
(V. 3)
pa
- KE’ ¢q
KX (I-A)! E' (e+v)
FE? (e+ Es
where F = K (I - Ay-!. Equation (V. 3) can be written in the
form
(V. 4) FE!e< (1+ F)E’s - FE*+!
Fourth, at all times the labour force must be large enough
to make possible the level of production decided on. If À
denotes the total labour force and f* denotes the vector of labour
requirements per unit of output in the different industries, then
(V. 5)
ES
EM
Fifth, if the demand functions ot (lV. 20) are premultiplied
by Fp, it follows
(V. 6)
a
Sy
EE —
F
g
+
FRE
Cs
1] Stone - pag. 77