Full text: Study week on the econometric approach to development planning

354 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 
Chart IV represents the variation of À with n for different 
values of w. The reader is reminded at this point that it follows 
from the discussion in § 336 that amortization will be more 
or less rapid than in the exponential model according as A is 
less than or greater than unity. 
Thus we see that over a wide range of variation of w, the 
properties of the model considered are near those of the exp- 
rnenhal model. 
Analogous calculations could of course be undertaken for 
the general case discussed in § 510. They would show that in 
the majority of cases which can reasonably be envisaged, the 
value of A remains fairly near unity. 
Determination of w 
533. In any case, it should be clearly understood that when 
the value of Yc is given. the range of variation of u=T1/T is 
limited. 
For we have (!) 
I I—U> w 
_ Tos ms ts --- ss ue 
(533-1) Yo (i—p) I+Ti7 0) 1+T(i-p)] 
To simplify the discussion, take 
533-2) 
1 -0=0 
which can be considered as a valid first approximation since 
1 —p ts small. Then 
555-3) 
Yolt -0)= ©, 
(1) Relation (526-11). 
ir] Allais - pag. 258
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.