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

616 
PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 
and the over-all capital output ratio as (*) 
(111.15) xl) =- ‘ 
Sain(t) anid +( gm ) Dazn(t) Appt 
Sa, 
n(f) Amp 
Âs can be seen, the components of (III.14) and (I11.15) 
are nothing but coefficients. And since, under the present as- 
sumptions, all coefficients are constant through time, it follows 
that each sectoral capital-output ratio and also the overall 
capital-output ratio remain all constant as time goes on. 
When the more complex formulations (II.15) and (II.16) are used, the 
result js 
XY. 
a. 
î 
Ann; 
+ [ ns ! Ve 
T 21k 
(*) The over-all capital output ratio is, in our notations. 
Tn 
X =< TT 
> my ki <x k; 
Taking the (II.x1) and (II.14) and again remembering that K, and X, 
coincide when full employment is kept, we obtain 
— 
2, + 
B I 
Dain Jan + (n+ T 
‘ Corn 
Vv 
ss Ain aun; Ww x, 
>a, a 
Zip Uni + | T-: — . 
When the more complex formulation: 
result is 
Un a 
;Io] 
Pasinetti - pag. 46 
|: a 
r—in Ÿ 
11.16) are used, the 
Sag, Uk;
	        
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