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

Structure type:: Chapter

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

Collection:: Economics Books

SEMAINE D ETUDE SUR LE ROLE DE L ANALYSE ECONOMETRIOUE ETC. sented by a convergent Taylor series for any value of 8. It is worth remarking that in most of the cases which can reasonatly be envisaged, the coefficient ¢ remains relatively small, where apon the properties of the model are quite similar to those of ‘he exponential model. Amortization of Primary Tncor 333. The relationship between the amortisation function ¢ (6, and the usually accepted notion of amortisation raises a number of problems to which allusion has already been made (!). It is of interest to examine these problems in the light of the results which have been obtained. 1) In the first place, the usual definition considers invest- ment as occurring when an already completed investment good begins its productive career. By contrast, the act of invest- ment is considered in this paper as taking place when the primary inputs are furnished. A distinction must therefore be made between the amortisation of primary income and the amortisation of investment. It further follows that under the usual definition, amortisation contains an element of interest as well as the depreciation of primary inputs, whereas in the present paper, amortisation relates only to the primary input content of the investment. 2) A part of the primary income invested at a given instant ¢ emerges in the global producion P* of consumption and investment goods at instant (£40). The primary inputs which correspond to the latter are thus reintroduced into the Allais - pag. 15

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