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

87

From the foregoing we derive the following table of values
of g and : (in °’)

TABLE

values

+

3= Y

4-4
4.2

+
3.8
3.6
3-4
3.2
3.0
2.5
2.0
1.5
1.0
0.5

1.0
0.5
0.I
0
0.2
0.6
1.6
3.1
10.7
29.5
82.9
332.8
957.4

—3.0
2.5
—I.3
0
I.5
3.1
4.9
7.0
13.7
23.7
40.4
73-7
173.7

0.4
D.T
2
0.1
0.6
1.4
2.7
4.7
13.9
35.9
98.6
402.1
1360.8

1.2
O

1.3
2.8

4-4
6.3
8.3
15.0
25.0
41.7
75.0
[75.0

2.1
0
0.1
0.5
1.3
2.4
4.2
6.6
17.5
43.1
116.0
484.1
[938.5

D
1.2
2.5
4.0
5.6
7-4
89.5
16.2
26.2
47.9
76.2
176.2

o.I
0.5
1.1
2.2
3.7
5.8
8.7
21.5
50.9
135.8
581.1
2762.5

2.3
3.6
5.1
6.7
8.5
10.6
17.3
27.3
43-9
77-3
177.3

The two charts IV and V which follow give the values of
Re/ Rom as functions of 7-¢ and 7c.
Real consumable national income is a maximum for ® =0,,.
We see that in an initial situation such as that of the United
States in 1956, in which the capital-output ratio y, is of the
order of 3.5, the maximum is very nearly attained, and that
for a corresponding value of ®, of 4, the possible increase is
only of the order of 1%.
The same is true for most western economies. The levels
of the capital-output ratio are such that they can be considered
as corresponding to a situation which is very near to the capitalistic
 optimum.
Even in the case of economies in which the capital-output
ratio is only of the order of 2 (if there are any such), the
increase in real income to be derived from a lengtheni:is of

11

Allais - pag. 183