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

SEMAINE D'ÉTUDE SUR LE ROLE DE L ANALYSE ECONOMETRIQUE ETC. 
54. 
outputs in the neighbourhood of the voN NEUMANN equilibrium. 
The characteristic equation of the whole system is: 
(30) 
2(b(I—d)e 
X2Fo+)E6 : 
« -)be - 
0 1- (AC+B°+C°) 1 4 (I d, (Be 
[It is clear that X?F° +) E° + D° has no effect on the determina- 
tion of the characteristic numbers. It follows that % roots, 
Ai» ..., À, of (30) equal # roots, v,, ..., v, of the characteristic 
equation of the price system (22), 
371) Ivb(I d+ 1-a-(1+7be 
and the other n roots, X,,,, ..., ka, of {30) equal the roots, 
4, ..., wo, of 
wfI- (A°+Be+Co)'1+ (I -d)(B 
divided by (1+7°), i.e. 4, ;=t,/(x1+7°). Asoneof p/sis1 +7, 
the À corresponding to it, say 2, ,, is unity. Furthermore, by 
virtue of (23) and (26), we may write 
n(I 
[t 1S cles 
l1=1, 
, H. 
Boy: 
À 
)be~! - ¢c)+ be (I - d) 
J 
cils, together with (51), yield 
uence 
{P- 
Gi Morishima - pag. 1+
	        
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