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

890 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 
28 
Comparative Productivity of the United States and French 
Economies 
431. The comparison between the productivity of the French 
and American economies in 1957 can be summarized in the 
following figures: 
U.S.A. / FRANCE 
Productivity: ratio 
Equipment per worker: ratio . 
23 
2.4 
Output per unit of equipment: ratio 
Capital-Output Ratio 
v=C/R 
U.S.A. 
3.3 
{1056) 
France 
>3.3 (1 
(1054) 
From these figures it appears that output per working hour 
in the United States is approximately twice as high as in 
France, whereas the productivity of a unit of equipment is 
about the same (2). 
Certain analyst have sought to attribute greater American 
productivity per man-hour to the larger volume of equipment 
used there. However. it has been seen that 
( N 
431-1, 
y £_8 
R 
fe 
(1) As far as can be judged, y is of the same order of magnitude in 
France as in the U.S.A. [ArraIs (1960 B), p. 29]. 
(?) ALLAIS (1960 B), pp. 28-32 and 105-207: ALLAIS (1062 A). p. 721. 
(3) Relation (251-12) 
rr] Allais - pag. 104
	        
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