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

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be derived immediately from the movements of prices and quantities.
 In general, denoting respectively by F; and V; the sectoral
 employments and the productions at current prices, we
mav write:

(III.12) E.(#) =a,,(t{,X, '

(IT1.13) V,(t)=X,({)P;.(#),

1=1,2,...,(n — I),k,, k,..., BR,

Again, by substituting from (II.11), (IL.14) or from (II.15),
11.16), it can be seen that, under the present assumptions, each
of the E;'s and each of the V;s (taking W as numeraire) increase
in time at the percentage rate of growth of population (g).
There is moreover another series of magnitudes which always
 recur in a dynamic analysis and which we may consider
immediately. I am referring to the capital-output ratios in the
various sectors of the economy (which will be denoted by
k;, 1=1, 2, ..., n— I); and to the over-all capital-output ratio
‘which will be denoted by ¥). Using for simplicity the formuations
 (II.11), (II.14) referring to a system where capital is
required only for the production of consumption goods, each
sectoral capital-output ratio mav be expressed -

TII.14,

“1;

3) In each sector, the capital output ratio

Remembering that K; and +; coincide, when
using the (IT r= rd M 1) we ht:

ll emplo--me

continued on following

a fw

to) Pasinett: - pag. 45