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