Model Run PRC: Parameters
- Governments = 1
- Producer Households = 100
- Consumer Households = 110
PRC government consumption expenditure (annual) data source starting 1990.
National Data: National Bureau of Statistics of China: http://data.stats.gov.cn/english/index.htm.
Stimulus Distribution & Employment
At the beginning of every model run iteration all producer household agents receive an equal share of government stimulus for the period. Every producer household agent will subsequently employ (by random choice) one unemployed consumer household agent. A consumer household agent cannot be employed more than once in the current iteration. Structural unemployment is set at nine percent of the consumer household population.
Flat Rate Taxation
Set at 37% of all consumer agent income.
- Proportion of disposable income: 60%
- Proportion of (agent wealth) at the opening of the period (quarter): 40%