Object: Study week on the econometric approach to development planning

SEMAINE D'ÉTUDE SUR LE ROLE DE L ANALYSE ECONOMETRIQUE ETC. 
545 
Let L stand for the number of workers available in period o. 
We have assumed that throughout the whole process the real- 
wages are maintained at the voN NEUMANN level, so that the 
labour force grows at the von NEUMANN rate. The labour 
force in period ¢ is, therefore, given by (:+#°)'L. On the other 
hand, we at once find from (4) that the demand for labour in 
period € is given by 5 a, Pr x. Hence the deficiency of 
i=l Pe 
labour does not emerge when 
34) 
T- 
- 
Pu x - € 
mr CE 
Dot 
hold for all ?. 
It is obvious that x, (+. x, when ¢ =0) is historically given 
We have from (27) 
Let x* (>o) be the vector of output configuration at the ter- 
minus which is prescribed by the growth programme. A path 
%X,, %{, ..., xr) which maximizes 7 such that 
35) 
nx*=(1+)1; 
s said optimal. 
[n view of (18), we have from (34, 
36) 
7s 
91 Morishima - pag. 17
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.