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

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 
657 
7. The dynamic movements of the other variables 
Following the procedure which has been used in chapter III, 
‘he movements through time of other magnitudes of economic 
nterest (like sectoral production at current prices, sectoral emp- 
oyment, capital-output ratios, etc.) can be derived as simple 
~orollaries from (V.13) and (V.14). These other economic 
magnitudes depend both on (V.13) and on (IV.14), i.e. both 
on technology and on demand. Therefore their dynamic mo- 
vements result from a composition of the movements through 
ime of physical quantities and of relative prices. Let us con: 
sider them in detail. 
1. The time-paths of the production of each commodity 
evaluated at current prices [the V,(#) and V )] can evidently 
be obtained by multiplying each of the © * by each of the 
'V.14). The resul’ is 
V.I5, 
rs 
g+tr-e J 
I~ 5 
+ U- 
where the constants D and G stand for the initial conditions 
namely 
a, 
vu) a; ke 
d; An) 
u 
VW A, QL 
J) 
W A. 
J 
10} Pasinetti - pag. 87
	        
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