rate_to_beta {GE}

Conversion between a Rate Vector and a Beta Vector

Description

Conversion between an expenditure rate vector and a beta vector (i.e. an expenditure proportion vector). For an economic agent, the rate vector indicates the ratios between expenditures on financial instruments and the physical commodity. The first element of the rate vector indicates the quantity of the physical commodity needed to obtain a unit of output. Other elements indicate the ratio of expenditures on various financial instruments to that of the physical commodity, which may be equal to the interest rate, the tax rate, the dividend rate, etc. The beta vector indicates the proportions of expenditures on various commodities.

Usage

rate_to_beta(x)

beta_to_rate(x)

Arguments

x

a vector.

Value

A vector.

Functions

• rate_to_beta: Convert a rate vector to a beta vector.

• beta_to_rate: Convert a beta vector to a rate vector. When converting the beta vector into a rate vector, it will be assumed that the first element of these two vectors is the same.

See Also

demand_coefficient

Examples

rate_to_beta(c(1, 1 / 3, 1 / 4))
rate_to_beta(c(0.5, 1 / 3, 1 / 4))

x <- beta_to_rate(c(0.7, 0.1, 0.2))
rate_to_beta(x)