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

SEMAINE D'ÉTUDE SUR LE ROLE DE IL ANALYSE ECONOMETRIQUE ETC. 
705 
vhence, from the dz2fnitions in $ TIC 
(133-4) 
Thus, if the production function is of k-order homogeneity, 
the rate of growth v of real consumed national income is given 
by adding the rate of growth = of technological progress to the 
product kg of the rate of growth of primary income © and the 
~oefficient of homogeneity «. 
[t follows from the preceding . 
133-5) 
V 
1 
[n other words, when the coefficient of homogeneity is equal 
lo unity, which is more or less its value in real conditions, the 
rate of growth of technical progress is equal to the amount by 
which the rate of growth of real consumed income exceeds that 
of primary income. The rate of growth of technical progress 
‘hen is equal to the rate of growth of productivity per unit of 
brimary income. 
The growth of real consumed income is independent o. .. _ 
capitalistic structure (!), since the functions ¢(8) and (0) have 
Seen assumed invariant. 
ne sense . 
, Allais - pag. 55
	        
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