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

1140 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 2&

MAHALANOBIS

Please I do not quite understand. There is a footnote on page 7
which perhaps could give vou the right answer.

ALLAIS

Yes, but if you could give this explanation in a few words. This
point is quite important because for reasons I have already explained,
it is not possible to admit that real national income is proportional
to real capital.

MAHALANOBIS

The equation of the model? How we derive it? (1)

() The’ two-sector model is discussed in a paper entitled Some _observation
 on the process of growth of national income in « Sankhva, the
Indian Tournal of ‘Statistics ». vol. 12. Parts 4. 1042

151 Mahalanobis IT - pag. 28
            
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