Capital and labour markets - COFFEE-TEA - Revision history

Rineke Oostenrijk: Text replacement - "IsDocumentationOf=TEA" to "IsDocumentationOf=COFFEE-TEA"

2019-09-06T10:58:50Z

Text replacement - "IsDocumentationOf=TEA" to "IsDocumentationOf=COFFEE-TEA"

← Older revision		Revision as of 12:58, 6 September 2019
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	{{ModelDocumentationTemplate		{{ModelDocumentationTemplate
	\|IsEmpty=No		\|IsEmpty=No
	\|IsDocumentationOf=TEA		\|IsDocumentationOf=COFFEE-TEA
	\|DocumentationCategory=Capital and labour markets		\|DocumentationCategory=Capital and labour markets
	}}		}}

Rineke Oostenrijk: Rineke Oostenrijk moved page Capital and labour markets - TEA to Capital and labour markets - COFFEE-TEA without leaving a redirect: Text replacement - " - TEA" to " - COFFEE-TEA"

2019-09-06T10:53:03Z

Rineke Oostenrijk moved page Capital and labour markets - TEA to Capital and labour markets - COFFEE-TEA without leaving a redirect: Text replacement - " - TEA" to " - COFFEE-TEA"

← Older revision

Revision as of 12:53, 6 September 2019

Rafael Garaffa at 14:55, 25 February 2019

2019-02-25T14:55:14Z

← Older revision		Revision as of 16:55, 25 February 2019
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	~~The~~ macroeconomic closure assumes full employment of the factors of production (capital and labour). Savings equals investment in the general equilibrium, but regionally the imbalances are closed by a surplus (or deficit) in the current account. An endogenous real exchange rate clears the current accounts and the capital account decreases exougenously in the long-run. Capital stock evolves at each period with the formation of new capital that depends on the investment level in that period and the capital depreciation rate, as described in <xr id="eqn:TEA_eq1"/>.		In the TEA model, the macroeconomic closure assumes full employment of the factors of production (capital and labour). Savings equals investment in the general equilibrium, but regionally the imbalances are closed by a surplus (or deficit) in the current account. An endogenous real exchange rate clears the current accounts and the capital account decreases exougenously in the long-run. Capital stock evolves at each period with the formation of new capital that depends on the investment level in that period and the capital depreciation rate, as described in <xr id="eqn:TEA_eq1"/>.

	<equation id="eqn:TEA_eq1">		<equation id="eqn:TEA_eq1">
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	<math>I{_{r,t}}</math> is the investment in new capital goods in region ''r'' and time ''t'';		<math>I{_{r,t}}</math> is the investment in new capital goods in region ''r'' and time ''t'';
	<math>\delta{_r}</math> is the depreciation rate of capital in region ''r''.		<math>\delta{_r}</math> is the depreciation rate of capital in region ''r''.

			In the COFFEE model, capital and labour are represented throught technological parameters, such as capital expenditures (CAPEX) and operational and maintenance expenditures (OPEX).

Rafael Garaffa at 17:34, 8 January 2019

2019-01-08T17:34:06Z

@@ Line 1: / Line 1: @@
 The macroeconomic closure assumes full employment of the factors of production (capital and labour). Savings equals investment in the general equilibrium, but regionally the imbalances are closed by a surplus (or deficit) in the current account. An endogenous real exchange rate clears the current accounts and the capital account decreases exougenously in the long-run. Capital stock evolves at each period with the formation of new capital that depends on the investment level in that period and the capital depreciation rate, as described in <xr id="eqn:TEA_eq1"/>.
@@ Line 8: / Line 15: @@
 <math>K{_{r,t}}</math> is the capital stock in region ''r'' and time ''t'';
 <math>I{_{r,t}}</math> is the investment in new capital goods in region ''r'' and time ''t'';
-<math>\delta{_r}</math> is the depreciation rate of capital in region ''r''.{{ModelDocumentationTemplate
+<math>\delta{_r}</math> is the depreciation rate of capital in region ''r''.

Rafael Garaffa at 18:37, 18 December 2018

2018-12-18T18:37:18Z

← Older revision		Revision as of 20:37, 18 December 2018
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	The macroeconomic closure assumes full employment of the factors of production (capital and labour). Savings equals investment in the general equilibrium, but regionally the imbalances are closed by a surplus (or deficit) in the current account. An endogenous real exchange rate clears the current accounts and the capital account decreases exougenously in the long-run. Capital stock evolves at each period with the formation of new capital that depends on the investment level in that period and the capital depreciation rate, as described in ~~Equation 2~~		The macroeconomic closure assumes full employment of the factors of production (capital and labour). Savings equals investment in the general equilibrium, but regionally the imbalances are closed by a surplus (or deficit) in the current account. An endogenous real exchange rate clears the current accounts and the capital account decreases exougenously in the long-run. Capital stock evolves at each period with the formation of new capital that depends on the investment level in that period and the capital depreciation rate, as described in <xr id="eqn:TEA_eq1"/>.

			<equation id="eqn:TEA_eq1">
	<math>K{_{r,t}} = I{_{r,t}} + (1 - \delta{_r}) K{_{r,t-1}}</math>		<math>K{_{r,t}} = I{_{r,t}} + (1 - \delta{_r}) K{_{r,t-1}}</math>
			</equation>

	where:		where:
			<math>K{_{r,t}}</math> is the capital stock in region ''r'' and time ''t'';
	<~~nowiki~~>$K{_{r,t}}$ is the capital stock in region $r$ and time $t$;~~</nowiki>~~		<math>I{_{r,t}}</math> is the investment in new capital goods in region ''r'' and time ''t'';
			<math>\delta{_r}</math> is the depreciation rate of capital in region ''r''.{{ModelDocumentationTemplate
	<~~nowiki~~>$I{_{r,t}}$ is the investment in new capital goods in region $r$ and time $t$; ~~and~~<~~/nowiki~~>

	$\delta{_r}$ is the depreciation rate of capital in region $r$.{{ModelDocumentationTemplate
	\|IsEmpty=No		\|IsEmpty=No
	\|IsDocumentationOf=TEA		\|IsDocumentationOf=TEA
	\|DocumentationCategory=Capital and labour markets		\|DocumentationCategory=Capital and labour markets
	}}		}}

Rafael Garaffa: K and L markets added.

2018-12-14T00:24:31Z

K and L markets added.

← Older revision		Revision as of 02:24, 14 December 2018
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	{{ModelDocumentationTemplate		The macroeconomic closure assumes full employment of the factors of production (capital and labour). Savings equals investment in the general equilibrium, but regionally the imbalances are closed by a surplus (or deficit) in the current account. An endogenous real exchange rate clears the current accounts and the capital account decreases exougenously in the long-run. Capital stock evolves at each period with the formation of new capital that depends on the investment level in that period and the capital depreciation rate, as described in Equation 2

			<math>K{_{r,t}} = I{_{r,t}} + (1 - \delta{_r}) K{_{r,t-1}}</math>

			where:

			<nowiki>$K{_{r,t}}$ is the capital stock in region $r$ and time $t$;</nowiki>

			<nowiki>$I{_{r,t}}$ is the investment in new capital goods in region $r$ and time $t$; and</nowiki>

			$\delta{_r}$ is the depreciation rate of capital in region $r$.{{ModelDocumentationTemplate
	\|IsEmpty=No		\|IsEmpty=No
	\|IsDocumentationOf=TEA		\|IsDocumentationOf=TEA
	\|DocumentationCategory=Capital and labour markets		\|DocumentationCategory=Capital and labour markets
	}}		}}

Rineke Oostenrijk: Edited automatically from page TEA setup.

2018-12-13T11:27:29Z

Edited automatically from page TEA setup.

← Older revision		Revision as of 13:27, 13 December 2018
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	{{ModelDocumentationTemplate		{{ModelDocumentationTemplate
			\|IsEmpty=No
	\|IsDocumentationOf=TEA		\|IsDocumentationOf=TEA
	\|DocumentationCategory=Capital and labour markets		\|DocumentationCategory=Capital and labour markets
	}}		}}

Rineke Oostenrijk: Edited automatically from page TEA setup.

2018-12-13T11:27:25Z

Edited automatically from page TEA setup.

New page

{{ModelDocumentationTemplate
|IsDocumentationOf=TEA
|DocumentationCategory=Capital and labour markets
}}