Capital and labour markets - WITNESS - Revision history

Thierry Chevalier at 14:25, 5 September 2024

2024-09-05T14:25:09Z

← Older revision		Revision as of 16:25, 5 September 2024
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	For energy capital the depreciation rate depends on the technology, the energy capital is therefore computed in each energy technology model and is an input of the macroeconomics model.		For energy capital the depreciation rate depends on the technology, the energy capital is therefore computed in each energy technology model and is an input of the macroeconomics model.

			As explained in Macro-economy documentation, capital need to be matched by proper energy, labor and resources to be productive (see [https://github.com/os-climate/witness-core/blob/main/climateeconomics/sos_wrapping/sos_wrapping_witness/non_use_capital_objective/documentation/non_use_capital_obj_discipline.md Unused capital objective model])

	= Labor force =		= Labor force =

Thierry Chevalier at 14:17, 5 September 2024

2024-09-05T14:17:18Z

← Older revision		Revision as of 16:17, 5 September 2024
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	Each period the capital stock increases with new investment and decreases with depreciation of past period capital.		Each period the capital stock increases with new investment and decreases with depreciation of past period capital.

	The capital is divided into two types: energy capital and non energy capital. Energy capital is the capital dedicated to energy production. The remaining capital stock is then the non-energy capital.		The capital is divided into two types: energy capital and non energy capital.

			Energy capital is the capital dedicated to energy production. The remaining capital stock is then the non-energy capital.

	The equation above is applied to both energy and non energy capital, the total capital stock being the sum.		The equation above is applied to both energy and non energy capital, the total capital stock being the sum.

	We apply to non energy capital the depreciation rate in input (~~depreciationrate~~) of this model.		We apply to non energy capital the depreciation rate in input (depreciation rate) of this model.

	For energy capital the depreciation rate depends on the technology, the energy capital is therefore computed in each energy technology model and is an input of the macroeconomics model.		For energy capital the depreciation rate depends on the technology, the energy capital is therefore computed in each energy technology model and is an input of the macroeconomics model.
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	To obtain the labor force we use the population in working age and the employment rate.		To obtain the labor force we use the population in working age and the employment rate.

	We defined the population in working age as the population in the 15-70 age range. L=~~workingagepop∗employmentrate~~		We defined the population in working age as the population in the 15-70 age range (coming from the Population model). L= workingagepop ∗ employmentrate

			Level of knowledge for this population is also available from Population model but not used yet.

	The employment rate is for now fixed at 65.9 following International Labour Organization data.		The employment rate is for now fixed at 65.9 following International Labour Organization data.

Thierry Chevalier: v2 rewrite as stored in external repository after v1 mostly lost and no backup :-(

2024-09-05T12:50:51Z

v2 rewrite as stored in external repository after v1 mostly lost and no backup :-(

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-{{ModelDocumentationTemplate
+= Capital =
 |IsDocumentationOf=WITNESS
 |DocumentationCategory=Capital and labour markets
 }}

Mathijs Harmsen: Edited automatically from page WITNESS setup.

2023-08-24T16:43:29Z

Edited automatically from page WITNESS setup.

New page

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