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

608 
PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 
by making use of a few definitions. We know from (II.11) 
that each production of capital goods (X,) is composed of two 
. I 
parts: replacement of worn-out capacity ( T %inXn) and new 
investment (a;,X,). Denoting these two parts respectively 
by X,, and X,,, so that 
(111.3) 
Xe =X", (6) + Xx, (2) , 
we have 
(111.4) x, 0= 2K, @], i=1, 2, .... (n-1). 
By substituting now (III.4) into (III.2), we obtain 
voy 
(IIL. 5) Xp) =o [XO], i=1,2, ... (n-1). 
which amounts to expressing the capacity equilibrium condi- 
tions in the form of equilibrium relations between the produc- 
tion of capital goods in each period of time and the rate of 
change in that period of the corresponding consumption goods. 
Using the (II.11) and (III.1), the (III.5) become 
d : 
ay; X,(0)e8 = — [ain X,(0)e#] , i=1,2,....(n-1), 
D] 
Ann X,(0)e8' = g a,,X,(0)e8 
and finally 
(111.6) 
Ain = E Gin » 
ey 2) vee (m=T1). 
“10] Pasinetti - pag. 38
	        
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.