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

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 813

The same is true for all the relations which can be derived
therefrom (1).

Estimation of ©,

313. If the assumption is made that the function ¢(u) converges
 rapidly for small values of #, the relation

313-1)

which neglects first order terms which include 7-p can be
used to derive an estimate of the order of magnitude of © .

Estimation of

314. It would be very useful to have an estimate of &, since,
ander the hypothesis of an exponential decrease of the function
3(0), we have &=o (*).
However, even if rapid convergence of the function ¢(u)
for small values of u is assumed, and admitting as a consequence
 that we can write (4)

(314-1) ¢(i-p) oo 1-0, (ip) +(1+3) © (i-p)

1y

This is notably the case tor the interesting relation

given above (125-2).
™ Relation (226-3) and
Relation (251-1).
Relation (240-1).

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Allais - pag. 11°
            
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