Particulars | Parameters/ratios | Values |
Private and Public Capital Depreciation rate |
| 0.025 |
Capital Share in Production Function |
| 0.34 |
Public Capital Share in the Production Function |
| 0.10 |
Wage markup on steady-state |
| 0.15 |
Labour income tax rate at the steady-state |
| 0.39 |
Sales/Consumption tax rate at the steady-state |
| 0.12 |
The capital tax rate at the steady-state |
| 0.1214 |
Shadow Segment in Labour force Tax rate at steady-state |
| 0.25 |
Private consumption to GDP ratio at steady-state | C/Y | 0.5905 |
Private investment to GDP ratio at steady-state | Inv/Y | 0.1686 |
Government consumption to GDP ratio at steady-state |
| 0.0589 |
Government investment to GDP ratio at steady-state |
| 0.0165 |
Public Transfers to GDP ratio at steady state | TR/Y | 0.069 |
Debt to GDP ratio at steady-state | B/Y | 1.21 |
Discount Factor |
| 0.998 |
Rental on capital at the steady-state | rk | 0.069 |