Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

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Title:: The role of capital in economic development / Maurice Allais, Ecole Nationale Supérieure de Mines Paris - France

Collection:: Economics Books

PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 The Interest Rate and the Rate of Growth 118. I have shown elsewhere that subject to very general conditions a dynamic growth process is characterised asympto- tically by the relation (118-1) i) =o(t) +1 where ¢ is the rate of interest characterising the stationary process which can be made correspond to the process under study (1). I'he Significance of the Preceding Relations 119. All the foregoing relations which do not incorporate veal quantities basically express simple accounting identities. Primary inputs correspond to the accounting imputations which are made. The relations between the real quantities are simply derived from the assumption of the existence of a satisfactory index of real national income consumed (calculated at factor cost), when the process considered is optimal in the Paretian sense. When an optimal allocation of resources (?) is realised, the primary inputs and their marginal equalities take on physical significance (3). (') ALLats (1063), Quelques aspects analytiques et appliqués de la théo- rie du capital (Some Analytical and Practical Aspects of the Theory of Capital). (?) In French « Maximation du rendement social ». () See ArILAIS (1963) Cambridge Paper: Some Analytical and Applied Aspects of the Theory of Cadital. Appendix | 11] Allais - pag. 50

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