SEMAINE D’ETUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIOUE ETC.

+ 3

TABLE

THE COMPUTING SEQUEN(

Operations perforr

Prepare estimates of private and public consumption,
expenditure on social capital and foreign demands
for exports in 1970, and their trends through that
vear

Convert the elements in stage o into demands for
the products of the thirty-one industries, complementary
 imports, etc., and the rates of change in
these demands

Project past input-output matrix and combine with
outside information to give 1070 matrix.

Combine stages 1 and 2 to give estimates of the
outputs of industrial products based on 1) demands
from stage 1, 2) capital expenditure to provide for
growth in demand and 3) indirect requirements for
intermediate products, allowance being made for import
 requirements and the need to achieve a trade
balance

Convert the outputs of stage 3 into production levels
.n the thirtv-one industries.

Allow for changes in the productivity of labour and
capital, and estimate requirements for them in each
3f the industries

Combine the foregoing results with certain other intormation
 and print out a provisional social account-‘ng
 matrix for 1970

{] Stone - pag. 75