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  • Q = Z − R F Z = Α (R + Pqr) + B Y Y C C F F D = (1 − K) Z − C

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    The document presents a mathematical model of an economy with two sectors (capital and labor), government spending, and interest payments. The model consists of a system of differential equations that define relationships between variables such as capital accumulation, income, consumption, and debt over time.

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    Model of CC

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    Model

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    The document presents a mathematical model of an economy with two sectors (capital and labor), government spending, and interest payments. The model consists of a system of differential equations that define relationships between variables such as capital accumulation, income, consumption, and debt over time.

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    © All Rights Reserved
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    17 views1 page

    Q = Z − R F Z = Α (R + Pqr) + B Y Y C C F F D = (1 − K) Z − C

    Uploaded by

    ppphhw
    The document presents a mathematical model of an economy with two sectors (capital and labor), government spending, and interest payments. The model consists of a system of differential equations that define relationships between variables such as capital accumulation, income, consumption, and debt over time.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    <Model same as Dos Santos (2014)>

    Q = Z R
    Fk = R + pqR (Z Bk )
    Z = (R + pqR) + Bk
    Yc = (1 p)qR
    Yw = kZ

    (1)

    Cc = Yc
    Cw = Yw + Bw
    Fc = Yc Cc
    Fw = Yw (Cw Bw )
    D = (1 k)Z Cc Cw
    <Model same as Dos Santos (2014) with interest payments flow>
    Q = Z R
    Fk = R + pK (Z Bk )
    Z = (R + pK ) + Bk
    Yc = (1 p)K
    (2)

    Yw = kZ
    Cc = Yc
    Cw = Yw + Bw
    Fc = Yc Cc
    Fw = Yw (Cw Bw )

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