SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC.
705
TABLE V1 — The general model and the embirical data
(8 210-710
|. ESTIMATES OF THE MODEL PARAMETERS
(. The coefficient of homogeneit-
k
(s 331)
2. The function ¢(u).
The macroeconomic data give one condition only (§ 312)
ÿ_ Cc _ re
R +4
=]
11-3
<r ©
"
if
oO
Ji
312-1), (314-2)
Estimate -
+
4
+
-w R
(§ 313)
Estimate 0:
iole=r,
[t is impossible to estimate & with accuracy.
)—-À-I-
Y.-0
314-3)
[I. EMPIRICAL JUSTIFICATION OF THE GENERAL MODEL
.. Justification with respect to the hypotheses
a) Nature of the production process (Hypothesis a
(§ 315).
b) Constancy of the production elasticities over time
(Hypothesis db) (§ 316).
c) Constancy of p (Hypothesis ¢) (§ 317).
Justification with the respect t. the consequences
2) Small variations ot w R at a given time
§
—
18-1;
em \
2)
Small variations of R, with ¥ —C, R in time (§ 319).
11] Allais - pag. 9