Table 9: Long run effects
|
lrf0 |
lrf3 |
lrp1 |
f0wn |
f3wn |
p1wn | |
|
CONS |
-0.087 |
-0.012 |
-0.097 |
-0.312 |
-0.132 |
-0.492 |
|
INV |
-0.365 |
-0.027 |
-0.4 |
0 |
0 |
0 |
|
GOV |
-0.087 |
-0.012 |
-0.097 |
0 |
0 |
0 |
|
EXP |
-0.369 |
0.051 |
-0.388 |
-0.098 |
0.253 |
-0.239 |
|
IMP |
-0.299 |
0.036 |
-0.311 |
-0.186 |
0 |
-0.291 |
|
GDP |
-0.155 |
-0.01 |
-0.171 |
-0.177 |
-0.021 |
-0.3 |
|
CPI |
0.049 |
0.193 |
0.031 |
-0.001 |
0.103 |
-0.032 |
|
PINV |
-0.14 |
-0.013 |
-0.157 |
-0.006 |
-0.028 |
-0.008 |
|
PGOV |
-0.545 |
0.005 |
-0.583 |
0.004 |
-0.012 |
0.002 |
|
PEXP |
0.074 |
-0.01 |
0.078 |
0.02 |
-0.051 |
0.048 |
|
PIMP |
0 |
0 |
0 |
0 |
0 |
0 |
|
PGDP |
-0.088 |
0.116 |
-0.132 |
0.012 |
0.05 |
-0.029 |
|
EMPL |
0 |
0 |
0 |
-0.31 |
-0.031 |
-0.52 |
Note: “f0”: industries and households pay a 10% tax on electricity; “f3”: only households pay a 10%
tax on electricity; “w”: nominal household spending is a function of wage income; “n”:
nominal wages are held fixed; “r”: real wages are held fixed.
14
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