Full text : Study week on the econometric approach to development planning

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PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28

TABLE V — Exponential model (§250-253)

HYPOTHESES

(a) and (b) unchanged
(c) constant rate of growth p (§ 230)
(d) exponential decrease of the elasticity B(0) (§ 250)

LI 5

A=(250-5)

 and (251-1)

RESULTS

r-€ -6-_6
R I+0,1
C=O,R,

R —0, (i-===
 [56 i-p] o ( }
Rom
k .
>= 0: (i-p)?

— k _k@_ 9?
R_—all | Re eo
Le@

(251-6) and (251-12)

(251-0)

(251-15)

(251-18)

(251-17)

©, appears as a quantity whose order of magnitude is
practically constant. ©, is an index of the intellectual difficultv
 of conceiving indirect processes

11] Allais - pag. 8
            
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