Economic Planning: How Should an Economy Grow


Variables

Table 9.5 shows the variables that are used in this example.

Table 9.5: Variables

Variable Name

Interpretation

StaticProduction[i]

Static production of industry i

Production[i,year]

Production of industry i per year

Stock[i,year]

Stock level of industry i at beginning of each year

ExtraCapacity[i,year]

Incremental productive capacity of industry i available per year

ProductiveCapacity[i,year]

Permanent productive capacity of industry i available per year