Optymalny podział inwestycji między dwa sektory — wyniki badań empirycznych
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Date
1987
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Wydział Prawa i Administracji UAM
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The optimum distribution of investments between two sectors — the results of simple empirical studies
Abstract
The paper is composed of two parts. In the first, theoretical one, the author
presents the Leontief dynamic model and investigates the variants of the solution
of the problem of optimum distribution of investment between sectors in the
two-sector version of that model. The solution is obtained by means of the
Pontriagin maximum principle.
In the second, empirical part, the author presents the results of calculations
made on the basis of statistical data concerning Poland in the years 1965 - 1975.
The author critically evaluates economically unrealistic variants of solution which
postulat sudden "switches" in the distribution of investment between sectors. In
the author's opinion, fully realistic processes taking place in real economies are
characterized by "smooth" trajectories of investments and consumption. He shows
that if the rules of investments distribution between sectors resulting from that
solution had been applied in years 1965 -1975, a higher level of production of
means of production and similar level of production of consumption goods would
have been achieved.
The author indicates that in view of the above solutions the leading plans
of socio-economic development formulated on the highest level of authority should
cover longer periods than the five-year-ones.
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Digitalizacja i deponowanie archiwalnych zeszytów RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 49, 1987, z. 4, s. 195-214