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

362

PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA -

28

Values of @ for y,=3.5 and i—p=4%

“a

D

3.5
3.5
3.5
5
5
3.5

0.05 | 0.10 | 0.14 | 0.25

3-5
3-50
*.48
?,42
:-22
2,37

3-5
3-50
2.48
2.39
13
III

3-5
3-51
2.48
- 30
oO

3-5
3.52
2.50
= 42

Bi

0.5 | 0.75 ,

3.5
1.56
56
221
51
3.44

3.5
3.59
2.62
2.64
2.66
3.66

3-5
3.63
3.68
3.72
3.74
1.77

Le

3)

6

Yc (f—p)—ow
(1—w)(—p)

le __ _ ©
—w (1—w)(i—g)

whence

4)

0 < 0 .

I —

Yo (à — Ç)

b) yeli—p) < vw < 1.
T tends to zero and from (536-1), we have
0 — 7 —
9 PTIT ,T
I — (I —p)

5)
so that

I I—w i — p)l
((—p)L I—Yl—P) ©
Here, © can tend to any value according to the value of w.
For en=1 we have

(i-This
 is the same limit as for ©.

7)

=

T

GLI 1e =o

c) w= Yc(i—p).
Here T again tends to zero and relation (536-2) gives
8) AewT
Thus ®, tends to zero.

i1] Allais - pag. 266
            
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.