SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC.

Q0QF

(exponential model, Table V) we find that every macroeconomic
quantity can be expressed as a function of R,(f), ¢(?), i(¢) and of
two constants only: 2 and ® In particular we have

251-6) and (251-12) y= =

—6-251-15)



ry 0,
— =

x

In this case we ha.

and in the appendix I have shown that under very general hypo
theses A remains in the neighbourhood of 1. Thus there is reason
to believe that, at least as a first approximation, reality can =~ =
presented by the exponential model.
If we consider the meaning of relation (250-5), ®_ appears as an
index of the intellectual difficulty of conceiving roundabout production
 processes. Thus we can consider it as being practically constant,
and this hypothesis. seems to be confirmed by the statistical
data (§ 321).

6) With the formulae obtained it is possible to estimate
‘Table VI and VII) the parameter ® since

221-1)

We find that the order of marnitude o

{~

I]

Allais - pag. 200