392 PONTIFICIAË ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 23

a dynamic process they are different and the analysis is much more
complicated,
In the first part of the paper I calculate different macroeconomic
quantities, R national income, C reproducible capital, y and Ye
capital output ratios, as functionals of the two functions

(6) =

Ye

200)

The relations obtained (Table III) are simply accounting
identities.

It is assumed that there exists a valid index R,, of real consumed
national income such that

èR _, >yoY
R  SyY

where the Y represent the primary inputs, the y their prices and
k the homogeneity coefficient of the production function.
From this hypothesis it is possible to derive the general formula

‘I17-18) of the paper expressing SR as a function of the Be

117-18)

1 SRY)
% RA)

roe

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11] Allais - pag. 296