346 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 
all appear in consumed income before the end of 6°. The 
approximate nature of this hypothesis is evident from the fact 
‘hat certain primary inputs which are incorporated in repro- 
ducible capital in the form of maintenance outlays or repairs 
appear in consumed income immediately, while at the same 
lime the primary inputs which correspond to stock formation 
may only reach consumed income long after the inputs cor- 
responding to certain types of investment. 
If hypothesis (H) is taken as correct (which, rigorously, it 
is not), the contribution of primary income to investment, 
from the figures in table 8 and relation (334-15) should be 
6’ 
Rw =¢ © =) =— 0.316 
i.e., for ® =4.56 
8’ =5.25 
From the preceding discussion, this certainly is an over- 
estimate. 
Similarly, if hypothesis (H) were true, the contribution of 
primary income to fixed investment (i.e. capital immobilised 
in the form of equipment and structures) should be 
co” 
$_|, 
C 
5 ev’ 
u | 
€ 
+ 
I 
x 
Or 
\ 
=O0I 
© = 4.56 
u=0.0085 
(!) See Chart II below. 
11] Allais - pag. 150