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

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DIAGRAM ”
model nf economic growth

a
Asser

Lane

| Ass
——

Latthat

 appears in the steady-state model. In each case the building
 block is the same; what differs is the nature and direction
of the arrows which show the relationships between the components.

In each model the building block is repeated for as many
years, or time-periods, as are necessary. In the transient model
these time periods stretch from a base year, in our case 1960,
‘0 the end of the transitional period, in our case 1969, and
culminate in a single component, the stock of assets, as a terminal
 stock. This stock is shown in the right-hand top corner
of the upper half of the diagram, enclosed in a double square.
In the steady-state model, the time-periods stretch from the
first post-transitional year, in our case 1970, into the indefinite

P +7

Stone - pag. 20