gemCESAK_Timeline_2_2 {GE} | R Documentation |
Some Timeline Equilibrium Models with CESAK Production Function
Description
Some timeline general equilibrium models with CESAK production function.
Usage
gemCESAK_Timeline_2_2(...)
Arguments
... |
arguments to be passed to the function sdm2. |
Examples
np <- 5
gr <- 0
initial.product.supply <- 20
beta.prod.firm <- 0.35
eis <- 1
Gamma.beta <- 0.97
gr <- 0.05
alphaK <- 1.05
S0Exg <- matrix(NA, 2 * np - 1, np)
S0Exg[(np + 1):(2 * np - 1), np] <- 100 * (1 + gr)^(0:(np - 2))
S0Exg[1, np] <- initial.product.supply
B <- matrix(0, 2 * np - 1, np)
B[2:np, 1:(np - 1)] <- diag(np - 1)
dstl.firm <- list()
for (k in 1:(np - 1)) {
dstl.firm[[k]] <- node_new("output",
type = "CESAK", es = 1,
alpha = 0.1, betaK = beta.prod.firm, alphaK = alphaK,
paste0("prod", k), paste0("lab", k)
)
}
dst.consumer <- node_new(
"util",
type = "CES", es = eis,
alpha = 1, beta = prop.table(Gamma.beta^(1:np)),
paste0("prod", 1:np)
)
ge <- sdm2(
A = c(dstl.firm, dst.consumer),
B = B,
S0Exg = S0Exg,
names.commodity = c(paste0("prod", 1:np), paste0("lab", 1:(np - 1))),
names.agent = c(paste0("firm", 1:(np - 1)), "consumer"),
numeraire = "lab1",
priceAdjustmentVelocity = 0.03
)
growth_rate(ge$p[1:np])
growth_rate(ge$z[1:np])
ge$D
#### a AK model
np <- 5
initial.product.supply <- 20
eis <- 1
Gamma.beta <- 1
alphaK <- 1.25
S0Exg <- matrix(NA, np, np)
S0Exg[1, np] <- initial.product.supply
B <- matrix(0, np, np)
B[2:np, 1:(np - 1)] <- diag(np - 1)
dstl.firm <- list()
for (k in 1:(np - 1)) {
dstl.firm[[k]] <- node_new("output",
type = "Leontief", a = 1 / alphaK,
paste0("prod", k)
)
}
dst.consumer <- node_new(
"util",
type = "CES", es = eis,
alpha = 1, beta = prop.table(Gamma.beta^(1:np)),
paste0("prod", 1:np)
)
ge <- sdm2(
A = c(dstl.firm, dst.consumer),
B = B,
S0Exg = S0Exg,
names.commodity = paste0("prod", 1:np),
names.agent = c(paste0("firm", 1:(np - 1)), "consumer"),
numeraire = "prod1",
priceAdjustmentVelocity = 0.03,
policy = makePolicyMeanValue(50),
)
growth_rate(ge$p)
growth_rate(ge$z[1:(np - 1)])
ge$D
## Simplify the production function in the model above.
dstl.firm <- list()
for (k in 1:(np - 1)) {
dstl.firm[[k]] <- node_new("output",
type = "Leontief", a = 1 / alphaK^(k),
"prod1"
)
}
ge2 <- sdm2(
A = c(dstl.firm, dst.consumer),
B = B,
S0Exg = S0Exg,
names.commodity = paste0("prod", 1:np),
names.agent = c(paste0("firm", 1:(np - 1)), "consumer"),
numeraire = "prod1",
priceAdjustmentVelocity = 0.03,
policy = makePolicyMeanValue(50),
)
growth_rate(ge2$p)
growth_rate(ge2$z[1:(np - 1)])
ge2$D
[Package GE version 0.4.5 Index]