Denkschrift betreffend die Neuregelung der handelspolitischen Beziehungen Deutschlands zu den Vereinigten Staaten von Amerika

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Monograph

Identifikator:: 1031936459

URN:: urn:nbn:de:zbw-retromon-64150

Document type:: Monograph

Title:: Denkschrift betreffend die Neuregelung der handelspolitischen Beziehungen Deutschlands zu den Vereinigten Staaten von Amerika

Place of publication:: Berlin

Publisher:: [Mitteleuropäischer Wirtschaftsverein in Deutschland]

Year of publication:: 1905

Scope:: 1 Online-Ressource (89 Seiten 4"(8"))

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: III.

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIOUE ETC. 1254 regions. This means that each project can be presented in R? alternative versions. With the aid of our model we can determine the additional incomes it creates in the R regions and hence also the weighted sum of regional incomes represent- ing the increase in welfare. We can also determine the total capital to be invested in the bunch of projects consisting of the investment of one million in the international sector plus the investments in the regional and national sectors. The method to be used is that we put equal to zero the investment in all other international sectors. I have proposed to speak of the semi-input-output method [1]. Thus the income-capital ratio for all R? versions of the project can be found. The version with the highest ratio is the « best version ». We may now make a list of the ratios obtainable for the best version of invest- ment in each of the international sectors. The use we can make of this list is that we select the inter- national sector with the highest ratio and invest all available capital in this sector. With regard to international sectors this will mean complete specialization. To be sure there will be also additions to production in regional and national sectors involved. This complete specialization will be avoided whenever we add restrictions to the additional quantities that can be exported in any one international sectors. Whenever such a bound has been reached, the second-best international sector gets its turn. Complete specialization may also be avoided if we introduce an element of decreasing returns, not yet discussed, but realistic n agriculture and mining. It is not to be expected that it will be avoided by the introduction of indivisibilities, or increasing returns. But it may be avoided also if instead of restrictions to exportable quantities we introduce a price level of export goods negatively depending on quantities produced "z7 The introduction of non-linear inputs brings in the pos- sibility that the effects on regional income of two projects are not 31 Tinbergen - pag. g

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