SEMAINE D ETUDE SUR LE ROLE DE L ANALYSE ECONOMETRIQUE ETC.

887

and since from relations (251-12) and (251-6) we have

(421-4)

y » 6,

the preceding result relation (420-4) is found again.

Estimate of p for the United States

122. For the United States p and ©, may be taken ac.

0.017

oO,

and according to (4zu-4

The diminution ot real consumed income 1s thus «
order of 69%.

and 326.

i Allais - pag. 191