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

330 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 oroduction process. Some portion of them will reappear at ‘nstant (£46 +0’) in the global production of that instant. The primary inputs which correspond to the durable goods element of this production again enter the production circuit, and so on. There 1s therefore a close relationship between the amorti- sation schedule of primary income (08) and the amortisation schedule for durable goods from the time they emerge from ‘he production process and are themselves put into operation to produce further new production of consumption goods. Clearly, of course, the amortisation schedule for primary in- come is not identical to the durable goods schedule. The supply of reproducible capital at a given moment is composed of three elements: a) Inventories (stocks and work in progress); b) Equipment (machines, lorries, motor cars, washing mach- ines, etc.); c) Structural assets (factories. houses. roads. etc.). No item of primary income arising at any given moment can emerge in subsequent consumption unless it has been Incorporated during the interval either in inventories (stocks and work in progress) or in equipment or structural invest- ment. There is thus a close relationship between the amorti- sation function of primary income ©(0) and the structure of eproducible capital. Finally, since inputs of labour constitute a part of primary Income there is also a close link between the amortisation func- lion of primary income ¢(8) and the composition of the labor force which corresponds at any given moment to the allocation of the amounts of labour available as between the different phases of the production process. In particular, as has been noted earlier, the invariance of the function (0) over time 11] Allais - pag. 134

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