Sorry, I'm replicating the article of Greenwood and al, "The role of investment-specific technological change in business cycle"… and I have a problem to do this, precisely I can't easily calculate my steady state for the two capital variable: equipment capital and structural capital because with the equation I found, we can't because we have the presence of on in the equation of the other for my two equations.
Someone know how to deal with this?
Anybody have already do this?
Thank you
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Greenwood, Hercowitz and Krusell
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Greenwood, Hercowitz and Krusell
by Haim Rik » Fri Mar 28, 2014 10:42 pm
- Haim Rik
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Re: Greenwood, Hercowitz and Krusell
by Haim Rik » Fri Mar 28, 2014 11:11 pm
And I got this message:
Error using print_info (line 57)
Impossible to find the steady state. Either the model doesn't have
a unique steady state of the guess values are too far from the
solution
Error using print_info (line 57)
Impossible to find the steady state. Either the model doesn't have
a unique steady state of the guess values are too far from the
solution
- Haim Rik
- Posts: 4
- Joined: Fri Mar 28, 2014 10:33 pm
- jpfeifer
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Re: Greenwood, Hercowitz and Krusell
by Haim Rik » Sat Mar 29, 2014 11:12 am
This is my mod-file…Can give me an advice or help? thanks
- Attachments
-
ghkx.mod- (2.75 KiB) Downloaded 74 times
- Haim Rik
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Re: Greenwood, Hercowitz and Krusell
by jpfeifer » Wed Apr 02, 2014 2:55 pm
Your parameter settings do not coincide with the ones in Greenwood/Hercowitz/Krusell. Moreover, your model equations are wrong as they are not correctly detrended. In most of the equations the growth rates are missing.
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Re: Greenwood, Hercowitz and Krusell
by Haim Rik » Thu Apr 03, 2014 11:09 am
OK thank you! I will work on it!
- Haim Rik
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