Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: The role of capital in economic development / Maurice Allais, Ecole Nationale Supérieure de Mines Paris - France

Collection:: Economics Books

Document type:: Monograph

Structure type:: Chapter

Title:: The role of capital in economic development / Maurice Allais, Ecole Nationale Supérieure de Mines Paris - France

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. [12 The quantity R, represents the value of primary factors of production, wages and rents; R stands for National Income, Rc consumed national income, and C the value of reproducible capital. Measurements are made at factor cost. Real values of ‘hese variables are indicated by a bar over the symbol concerned. The equations (110-9) and (110-10) define capital-output as part of reproducible capital and appear in the vear’s total ~onsumption respectively. For the sake of generality, consumed national income is defined to include only such consumption as takes place at ‘he time. For example, private motor vehicles are evaluated as part of reproducible capital and appear in the years total ~onsumption only in respect of the services they render. Characteristic functions mr. This study is based on the concept of the characteristic function, which so far as I know was first described bv JEVONS in 1871 in the context of a particular model (!). I presented a systematic analysis of this concept in Economy and Interest in 1947. The simplest way of envisaging the curve which is characteristic of a production process (see Figure I below) would apdear to be as follows. Assume that in the present period wages are paid in respect of the construction of a blast furnace, which will in due course produce pig-iron. The pig-iron will be used ‘o produce steel, which will in turn find its way into different manufacturing industries, to be used, for example, in making () JEVONS (1871) in chapter VII. The concept of the characteristic ‘unction was used for the first time for the case in which @(8)z#%0 for 9<6<A and ¢(6)=o0 for 1 <0. The concept was subsequently applied in penetrating studies by BOHM-BAWERK (1888) (see especially Exkurs I to VI) and G.H. BousoUEtT (1936), vol. III. chanter VI 11] Allais - pag. 10

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