Die hygienischen Verhältnisse der Insel Formosa

Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1835107648

URN:: urn:nbn:de:zbw-retromon-222288

Document type:: Monograph

Author:: Norden, Hermann http://d-nb.info/gnd/1141303051

Title:: Durch Abessinien und Erythräa

Place of publication:: Berlin

Publisher:: Scherl

Year of publication:: [ca. 1930]

Scope:: 202 S.; Ill., 1 Kt.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Die Hauptstadt von Äthiopien

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. In order to make use of this expression we should have to assign a form to ®. The simple thing to do is to put ®=log; in this case we maximise a weighted sum of the logarithms of the excesses of the consumption of the various commodities in the different years over the quantities that enter into the basic standard of living. This form is only possible if at all times each element in round brackets in (V. 10) is positive. As even simpler practical alternative would be to replace v by , that is to maximise not utility but consumption itself. As I have stated them, these relationships apply to an eco- nomy which is not only closed but stationary, that is has a fixed technology and fixed preferences. The way to remove these limitations is described in [40]. The maximisation of (V. 10) subject to (V. 1), (V. 2), (V. 5), (V. 7) and (V. 8) is, for practical purposes, a problem in dynamic programming. If the terminal stock requirements are set too high there will be no solution: we cannot meet these requirements and have a consumption in excess of * through- out the transitional period. If we insist on p* as a minimum, then we must reduce our terminal stock requirements. If we insist on the rate of growth originally intended for the steady state, we must reduce the level of consumption in the first year of the steady state. By experimenting with different initial consumption levels for the steady state, and perhaps also with different forms of the maximand, we may hope to obtain a complete path for consumption that is acceptable as an object of policv 2] Stone - pag. 79

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