Study week on the econometric approach to development planning

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

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

Collection:: Economics Books

326 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 derived from the exponential model appears to concord very well with the results obtained from analysis of available data on durable goods in all cases where a sufficiently large compe- titive market in these goods exists (1) (2). An attempt to derive the fonction ¢(6) directly, at least approximatively, can be made with the help of statistics of the distribution of the working population. This analysis involves major difficulties, but at first sight seems to produce results in conformity with an exponential form of ¢(8) (3). The length of the production period 6=y is of the order of 3.5 years for the U.S.A. For the average amortisation period ® =vc, from (251-6) (326-2) & B — 60 Whence, for Ô=3.5 and p=1.7% (*), © is derived for the U.S.A. as 3.72, i.e. a value which differs little from that 5 of (1) Arras (1960 A), p. 22-23. 2) It may be objected that in a rigorous formulation, the composition ot different exponential amortization functions cannot result in an expo- aential global amortization function over the whole range of variation (0, oo) of @. Nevertheless, over the useful variation interval (o, 100) of 0, use of this type of function is certainly possible. as it involves a rather low -elative error. () Arrais (1960 A), § 45. (*) Equal, as a first approximation. to the rate of population growth in the T7.S A 11] Allais - pag. 130

Access restriction

Copyright

fullscreen: Study week on the econometric approach to development planning

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation