51 lines
1.3 KiB
Modula-2
51 lines
1.3 KiB
Modula-2
var C K1 K2 L S1 S2 THETA V V1 V2;
|
|
|
|
varexo KSI;
|
|
|
|
parameters theta_ss lambda delta1 delta2 alpha1 alpha2 eta beta gamma depr1 depr2;
|
|
|
|
theta_ss=1;
|
|
lambda=0.8;
|
|
delta1=0.1;
|
|
delta2=0.05;
|
|
alpha1=0.3;
|
|
alpha2=0.15;
|
|
eta=3;
|
|
beta=0.95;
|
|
gamma=0.5;
|
|
depr1=0.1;
|
|
depr2=0.05;
|
|
|
|
model;
|
|
C = THETA*K1^alpha1*K2^alpha2*L^(1-alpha1-alpha2)-S1*K1-S2*K2;
|
|
K1 = (1-depr1+(1-0.5*delta1*S1)*S1)*K1(-1);
|
|
K2 = (1-depr2+(1-0.5*delta2*S2)*S2)*K2(-1);
|
|
THETA = THETA(-1)^lambda*theta_ss^(1-lambda)*exp(KSI);
|
|
/*
|
|
THETA = THETA(-1)*lambda+theta_ss*(1-lambda)+KSI;
|
|
*/
|
|
C^(-gamma)*THETA*K1^alpha1*K2^alpha2*L^(-alpha1-alpha2)*(1-alpha1-alpha2) = L^eta;
|
|
C^(-gamma) = beta*V1(+1)*(1-delta1*S1);
|
|
C^(-gamma) = beta*V2(+1)*(1-delta2*S2);
|
|
V1 = C^(-gamma)*(alpha1*THETA*K1^(alpha1-1)*K2^alpha2*L^(1-alpha1-alpha2)-S1)+beta*V1(+1)*(1-depr1+(1-0.5*delta1*S1)*S1);
|
|
V2 = C^(-gamma)*(alpha2*THETA*K1^alpha1*K2^(alpha2-1)*L^(1-alpha1-alpha2)-S2)+beta*V2(+1)*(1-depr2+(1-0.5*delta2*S2)*S2);
|
|
V = (C^(1-gamma)/(1-gamma)-L^(1+eta)/(1+eta)) + beta*V(+1);
|
|
end;
|
|
|
|
initval;
|
|
C= 1.33341818203972;
|
|
K1= 3.80023995548668;
|
|
K2= 3.80023995563911;
|
|
L= 0.85120255261552;
|
|
S1= 0;
|
|
S2= 0;
|
|
THETA= 1.00000000000000;
|
|
V1= 0.59202988402399;
|
|
V2= 0.59202988402399;
|
|
V= -17.6239;
|
|
end;
|
|
|
|
vcov = [ 0.001 ];
|
|
|
|
order = 6;
|