The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 7 Elasticities on the wage rate (S1) and elasticities of production multiplied (S2 and S3) by 1.25
From: The short-run effects of EU funds in Spain using a CGE model: the relevance of macro-closures
Base year | S1: NEO-wage | S2: NEO-prod | S3: KEY-Prod | |
|---|---|---|---|---|
Main aggregates and welfare index | ||||
Unemployment rate (%) | 9.16 | 9.128 | 9.132 | 8.094 |
Employment growth rate | – | 0.035 | 0.031 | 1.174 |
Variation of households’ net disposable income | 612,277.00 | 0.038 | 0.040 | −0.365 |
Variation of consumer price index | – | 0.020 | 0.022 | −0.634 |
Households’ welfare | 28,220.33 | 0.018 | 0.017 | 0.279 |
Nominal GDP | 908,792.00 | 0.115 | 0.115 | −0.049 |
Real GDP | 908,792.00 | 0.092 | 0.090 | 0.683 |
Demand side aggregate variables | ||||
Private consumption | 545,763.00 | 0.038 | 0.040 | −0.365 |
Total private investment | 234,489.20 | −2.408 | −2.414 | −0.590 |
Non-residential private investment | 155,335.40 | −3.654 | −3.664 | −0.704 |
Residential private investment | 79,153.80 | 0.038 | 0.040 | −0.365 |
Public consumption | 171,787.00 | 0.032 | 0.036 | −1.014 |
Public investment | 32,552.80 | 14.902 | 14.904 | 14.136 |
EU current balance | 20,965.00 | −24.510 | −24.526 | −19.009 |
ROW current balance | 46,807.00 | −0.472 | −0.476 | 0.328 |