ch5num_exmpl

# ch5num_exmpl - 6079.811560732 alpha= 0.3 z= 1 K=...

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Solving the for the competitive equilibrium of the model Parameters: Exogenous variables: alpha= 0.3 Z= 1 a= 0.5 K= 71,000,000.00 theta= 3 G= 2,000.000 h= 1456 Candidate equilibrium wage rate=w= 20.4753638371 Labour demand: Nd= 920.760 Output at Nd calculated above=Y= 26,932.705 Profits at Nd calculated above=Pi= 8,079.812 Taxes T= 2,000.000 Labour supply: Ns= 920.760 Difference between Ns and Nd=Ns-Nd= 0.000 ---------> If Ns and Nd are not equal, update w on line 8 Consumption= C= 24,932.705 Is the goods market in equilibrium? Y-C-G= 0.000 15 20 25 30 35 40 0.0000 500.0000 1000.0000 1500.0000 2000.0000 2500.0000 3000.0000 Labour market Nd Ns w Ns and Nd

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a= 0.5 1/a= 2 theta= 3 h= 1456 Pi= 8079.811560732 T= 2000 PI-T=
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Unformatted text preview: 6079.811560732 alpha= 0.3 z= 1 K= 71,000,000.00 w Nd Ns 15 2597.8513 758.0047 16 2095.0057 795.0442 17 1711.6780 828.2029 18 1414.7405 858.0776 19 1181.4259 885.1460 20 995.7535 909.7960 21 846.2932 932.3455 22 724.7300 953.0582 23 624.9218 972.1545 24 542.2685 989.8203 25 473.2803 1006.2138 26 415.2797 1021.4700 27 366.1895 1035.7054 28 324.3832 1049.0209 29 288.5749 1061.5043 30 257.7395 1073.2322 31 231.0537 1084.2723 32 207.8509 1094.6842 33 187.5881 1104.5207 34 169.8200 1113.8288 35 154.1789 1122.6505 36 140.3600 1131.0233 37 128.1089 1138.9810 38 117.2123 1146.5541...
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ch5num_exmpl - 6079.811560732 alpha= 0.3 z= 1 K=...

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