| gemInputOutputTable_SCES_3_3 {GE} | R Documentation |
A SCES-type General Equilibrium Model based on an Input-Output Table.
Description
Given a 3×3 input-output table (e.g., see Zhang Xin, 2017, Table 2.2.2), this model can be used to calculate the corresponding equilibrium. This input-output table contains two firms and one household. The household consumes products and supplies labor.
Usage
gemInputOutputTable_SCES_3_3(
input = matrix(c(200, 300, 100, 150, 320, 530, 250, 380, 0), 3, 3, TRUE),
output = c(600, 1000, 630),
es = 0
)
Arguments
input |
the input matrix in the base period. |
output |
a vector consisting of the product outputs and labor supply in the base period. |
es |
a scalar, which is the elasticity of substitution between the inputs. |
Value
A general equilibrium, which is a list with the following elements:
p - the price vector with labor as numeraire.
D - the demand matrix, also called the input table. Wherein the benchmark prices are used.
DV - the demand value matrix, also called the value input table. Wherein the current price is used.
SV - the supply value matrix, also called the value output table. Wherein the current price is used.
... - some elements returned by the CGE::sdm function
References
Zhang Xin. (2017, ISBN: 9787543227637). Principles of Computable General Equilibrium Modeling and Programming (Second Edition). Shanghai: Gezhi Press. (In Chinese)
Examples
x <- 75
gemInputOutputTable_SCES_3_3(
input = matrix(c(
200, 300, 100,
x, 320, 530,
250, 380, 0
), 3, 3, TRUE),
output = c(600, 1000, 630),
es = 0.5
)