GE (version 0.2.5)

gemInputOutputTable_SCES_3_3: A SCES-type General Equilibrium Model based on an Input-Output Table.

Description

Given a 3x3 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

# NOT RUN {
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
)
# }