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

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comments: I did not make only one computation, I made very many
of them covering a wide range of different factual assumptions.
Examining the implicit magnitudes of capital coefficients reflecting
various estimates of the present rate of income growth and of productive
 investment in underdeveloped countries, we find them to be in
some cases considerably higher, and in others much lower than could
be realistically expected. In most instances they appear to be quite
plausible. I am inclined to interpret such consistency as representing
indirect evidence in support of my conclusions.

FISHER

Professor LEONTIEF has presented a highly interesting paper.
find most attractive the idea of watching economic history with accompanying
 illustrations. LEONTIEF has in fact produced interesting
pictures of what happens when the economy is open to foreign trade
and foreign trade either outgoing or ingoing is cut off. One might
also consider applying the same technique to the study of the dependence
 of the economy on particular industries. For example, one
might open the system to the steel industry and see what would
happen if deliveries from or to that industry were cut off. The
pictures one would get from applying LEONTIEF’s technique to such
analyses would provide interesting insights into dependence of the
economy on particular industries or sectors.

ALLAIT

Prof. LEONTIEF has very rightly stressed that he has made calculations
 with different values of the coefficients b, and b. But my
point is that it is not sufficient to consider values of the capital citput
ratios b, and b,. It is also necessary to take into account the coefficient
 3 which is of the order of 0.2. Then the b would be replaced

| Leontief - pag. 25