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

SEMAINE D'ÉTUDE SUR LE ROLE DE L ANALYSE ECONOMETRIQUE ETC the exponential amortization which is a characteristic oi th exponential model (1). It is shown in the Appendix to the present study that under the very general hypothesis that the function [3(8)e*’ can be developed as a Taylor series, at least for a certain value of p, the coefficient A (which is equal to 1 in the exponential model) will not differ generally from unity by more than +o.5, for hypotheses which can reasonably be accepted. It follows from this that while the exponential model clearly may not offer a perfect portrayal of real conditions, it doubtless does not differ therefrom all that much, so that, at least in terms of a first approximation, it is capable of depicting the essential features of reality quite correctly. If this approximation is deemed insufficient, the develop ment of the function 3(6)e*’ as a Tavlor series of which the very first terms only are retained, provides as far as can be judged a reasonable representation of actual conditions (# The Value of the Model 337. It follows from the preceding dimission that. a) the model is consistent with the information which ca.. obtained from available statistical data: b) it cannot be proved that the assumptions made are the only ones which would give results consistent with available data y From relation (z:zc x Thus if (0) declines more rapidly than © © we have since for (60)=e ©/v. (3) See Appendix .| Allais - pag. 179

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