Table 2 Data averages and long-run... | Emerald Publishing

Table 2

Data averages and long-run solution

Variable	Description	Data	Model
y	Steady-state output	N/A	1.000
$c / y$	Consumption-to-output ratio	0.648	0.674
$i / y$	Investment-to-output ratio	0.201	0.175
$k / y$	Capital-to-output ratio	13.96	13.96
$g^{c} / y$	Government consumption-to-output ratio	0.151	0.151
$w h / y$	Labor income-to-output ratio	0.571	0.571
$r k / y$	Capital income-to-output ratio	0.429	0.429
h	Share of time spent working	0.333	0.333
$\bar{r}$	After-tax net return on capital	0.014	0.016

Variable	Description	Data	Model
y	Steady-state output	N/A	1.000
$c / y$	Consumption-to-output ratio	0.648	0.674
$i / y$	Investment-to-output ratio	0.201	0.175
$k / y$	Capital-to-output ratio	13.96	13.96
$g^{c} / y$	Government consumption-to-output ratio	0.151	0.151
$w h / y$	Labor income-to-output ratio	0.571	0.571
$r k / y$	Capital income-to-output ratio	0.429	0.429
h	Share of time spent working	0.333	0.333
$\bar{r}$	After-tax net return on capital	0.014	0.016