SEMAINE D'ÉTUDE SUR LE ROLE DE L ANALYSE ECONOMETRIOUE ETC.
1045
3. The base year values of the variables used for projec-
tion, presented in the following tables, are summarized below
The base year is 1950.
Gross National Product
(domestic) . . .
Productive Investment (to-
tal) . . . .
Capital Transfer from De-
veloped to Underdeve-
lobed Areas . . .
Growth rate of the do-
mestically produced
Gross National Product
Developed Ateas
Underdeveloped Areas
$2,105 billion $195 billion
$228 billion $15 - $22 billion
p4 billion
+ 0-0 VA
A
Nv
The Developed Areas comprises Western Europe (exclud
ing Spain, Portugal, Greece and Turkey) United States, Ca-
nada, Japan, Soviet Russia and other socialist countries; the
Underdeveloped Areas comprises all other countries. Since
these estimates, compiled from United Nations and other sta-
tistical sources, are supposed to cover all countries, they ob-
viously are subject to a very substantial margin of error. The
estimates of the annual rate of gross productive investment in
the Underdeveloped Areas, which is particularly uncertain, is
presented not as a single figure but in terms of two figures —
a high and a low — which does not mean of course that the
true magnitude still might not lie outside of that range.
For similar reasons the base year estimate of the long-run
growth rates of the GNP’s is also presented for each area in
the form of two percentage figures — a higher and a lower one.
in
5. The calculations, the results of which are summarized
Tables T to VI, show how the future economic growth of
3] Leontief - pag. 7