The OUTPUT sector

The variables

Vensim name Name Used variables Used parameters Variables using it Initial value Equation
AVailable CApital Gdollar/y AVCA TS FCI INCPIS \(\mathtt{AVCA}\left(t\right)=\mathtt{FCI}+\mathtt{TS}\left(t\right)\)
CAPacity Gcu CAP CPUS CPIS OPWO \(\mathtt{CAP}\left(t\right)=\mathtt{CPIS}\left(t\right)+\mathtt{CPUS}\left(t\right)\)
Capacity Addition PIS Gcu/y CAPIS CUCPIS CTPIS CPIS CUCPIS CRR \(\mathtt{CAPIS}\left(t\right)=\frac{\mathtt{CUCPIS}\left(t\right)}{\mathtt{CTPIS}}\)
Capacity Addition PUS Gcu/y CAPUS CUCPUS CTPUS CPUS CUCPUS \(\mathtt{CAPUS}\left(t\right)=\frac{\mathtt{CUCPUS}\left(t\right)}{\mathtt{CTPUS}}\)
CBC Effect on Flow to Capacity Addion (1) CBCEFCA CBC CBC1980 CBCEFRA FACNC \(\mathtt{CBCEFCA}\left(t\right)=1+\mathtt{CBCEFRA}\cdot\left(-1+\frac{\mathtt{CBC}\left(t\right)}{\mathtt{CBC1980}\left(t\right)}\right)\)
Capacity Discard PIS Gcu/y CDPIS LCPIS CPIS CPIS \(\mathtt{CDPIS}\left(t\right)=\frac{\mathtt{CPIS}\left(t\right)}{\mathtt{LCPIS}\left(t\right)}\)
Capacity Discard PUS Gcu/y CDPUS CPUS LCPUS CPUS \(\mathtt{CDPUS}\left(t\right)=\frac{\mathtt{CPUS}\left(t\right)}{\mathtt{LCPUS}\left(t\right)}\)
Capacity Initiation PIS Gcu/y CIPIS INCPIS GDP OBSGIPIS COCA CUCPIS \(\mathtt{CIPIS}\left(t\right)=\mathtt{max}\left(\frac{\mathtt{GDP}\left(t\right)\cdot\mathtt{OBSGIPIS}\left(t\right)+\mathtt{INCPIS}\left(t\right)}{\mathtt{COCA}\left(t\right)},0\right)\)
Capacity Initiation PUS Gcu/y CIPUS GIPC GDP OBSGIPUS COCA CUCPUS \(\mathtt{CIPUS}\left(t\right)=\mathtt{max}\left(\frac{\mathtt{GDP}\left(t\right)\cdot\mathtt{OBSGIPUS}\left(t\right)+\mathtt{GIPC}\left(t\right)}{\mathtt{COCA}\left(t\right)},0\right)\)
COst of CApacity dollar/cu COCA OWECC CC1980 CIPIS CIPUS \(\mathtt{COCA}\left(t\right)=\mathtt{CC1980}\cdot\mathtt{OWECC}\left(t\right)\)
Capacity PIS Gcu CPIS CDPIS CAPIS CDPIS CRR CAP ORO 59250.0 \(\frac{\mathrm{d}\mathtt{CPIS}\left(t\right)}{\mathrm{d}t}=-\mathtt{CDPIS}\left(t\right)+\mathtt{CAPIS}\left(t\right)\)
Capacity PUS Gcu CPUS CDPUS CAPUS CDPUS CAP ORO IPR 5350.0 \(\frac{\mathrm{d}\mathtt{CPUS}\left(t\right)}{\mathrm{d}t}=-\mathtt{CDPUS}\left(t\right)+\mathtt{CAPUS}\left(t\right)\)
Capacity Renewal Rate 1/y CRR CAPIS CPIS ECR \(\mathtt{CRR}\left(t\right)=\frac{\mathtt{CAPIS}\left(t\right)}{\mathtt{CPIS}\left(t\right)}\)
Capacity Under Construction PIS Gcu CUCPIS CAPIS CIPIS CAPIS 10072.5 \(\frac{\mathrm{d}\mathtt{CUCPIS}\left(t\right)}{\mathrm{d}t}=-\mathtt{CAPIS}\left(t\right)+\mathtt{CIPIS}\left(t\right)\)
Capacity Under Construction PUS Gcu CUCPUS CIPUS CAPUS CAPUS 909.5 \(\frac{\mathrm{d}\mathtt{CUCPUS}\left(t\right)}{\mathrm{d}t}=-\mathtt{CAPUS}\left(t\right)+\mathtt{CIPUS}\left(t\right)\)
CUC PUS in 1980 Gcu CUCPUS1980 LCPUS1980 EMCUC CAPPUS1980 CTPUS \(\mathtt{CUCPUS1980}\left(t\right)=\frac{\mathtt{CAPPUS1980}\cdot\mathtt{CTPUS}\cdot\mathtt{EMCUC}}{\mathtt{LCPUS1980}\left(t\right)}\)
Effect of Capacity Renewal 1/y ECR CRR ITFP ETFP ETFP \(\mathtt{ECR}\left(t\right)=\left(-\mathtt{ETFP}\left(t\right)+\mathtt{ITFP}\left(t\right)\right)\cdot\mathtt{CRR}\left(t\right)\)
Excess DEmand (1) EDE OOV TPP PEDE \(\mathtt{EDE}\left(t\right)=\frac{\mathtt{TPP}\left(t\right)}{\mathtt{OOV}\left(t\right)}\)
ED Effect on Flow to Capacity Addition (1) EDEFCA PEDE EDEFRA ED1980 FACNC \(\mathtt{EDEFCA}\left(t\right)=1+\mathtt{EDEFRA}\cdot\left(-1+\frac{\mathtt{PEDE}\left(t\right)}{\mathtt{ED1980}}\right)\)
Excess Demand Effect on Life of Capacity (1) EDELC PEDE EDELCM ED1980 LCPIS \(\mathtt{EDELC}\left(t\right)=1+\mathtt{EDELCM}\cdot\left(-1+\frac{\mathtt{PEDE}\left(t\right)}{\mathtt{ED1980}}\right)\)
Embedded TFP (1) ETFP ECR ECR ORO 1.0 \(\frac{\mathrm{d}\mathtt{ETFP}\left(t\right)}{\mathrm{d}t}=\mathtt{ECR}\left(t\right)\)
Fraction of Available Capital to New Capacity (1) FACNC EDEFCA CBCEFCA FRACAMGDPPL FACNC WSOEFCA FRA1980 IPT FACNC INCPIS 1.0515 \(\frac{\mathrm{d}\mathtt{FACNC}\left(t\right)}{\mathrm{d}t}=\frac{-\mathtt{FACNC}\left(t\right)+\frac{1}{3}\cdot\mathtt{FRA1980}\cdot\left(\mathtt{CBCEFCA}\left(t\right)+\mathtt{EDEFCA}\left(t\right)+\mathtt{WSOEFCA}\left(t\right)\right)\cdot\mathtt{FRACAMGDPPL}\left(t\right)}{\mathtt{IPT}}\)
FRACA Mult from GDPpP - Line (1) FRACAMGDPPL GDPP GDPP1980 FRACAM GDPPEFRACA FACNC \(\mathtt{\mathtt{FRACAM}GDPPL}\left(t\right)=\mathtt{max}\left(\mathtt{FRACAM},1+\mathtt{GDPPEFRACA}\cdot\left(-1+\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\right)\right)\)
FRACA Mult from GDPpP - Table (1) FRACAMGDPPT GDPP GDPP1980 \(\mathtt{FRACAMGDPPT}\left(t\right)=\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\geq0\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}<1\right)+0.5\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\geq16\right)+\left(0.85-0.1\cdot\left(-2+\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\right)\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\geq2\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}<2.1\right)+\left(0.55-0.0063\cdot\left(-8+\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\right)\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\geq8\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}<16\right)+\left(0.65-0.025\cdot\left(-4+\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\right)\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\geq4\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}<8\right)+\left(1-0.15\cdot\left(-1+\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\right)\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\geq1\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}<2\right)+\left(0.84-0.1\cdot\left(-2.1+\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\right)\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}\geq2.1\right)\cdot\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}<4\right)+\left(\frac{\mathtt{GDPP}\left(t\right)}{\mathtt{GDPP1980}}<0\right)\)
Investment in New Capacity PIS Gdollar/y INCPIS AVCA FACNC CIPIS ISGDP \(\mathtt{INCPIS}\left(t\right)=\mathtt{AVCA}\left(t\right)\cdot\mathtt{FACNC}\left(t\right)\)
Investment Share of GDP (1) ISGDP GIPC INCPIS GDP \(\mathtt{ISGDP}\left(t\right)=\frac{\mathtt{GIPC}\left(t\right)+\mathtt{INCPIS}\left(t\right)}{\mathtt{GDP}\left(t\right)}\)
Life of Capacity PIS y LCPIS EDELC OWELC LCPIS1980 CDPIS \(\mathtt{LCPIS}\left(t\right)=\frac{\mathtt{LCPIS1980}\cdot\mathtt{OWELC}\left(t\right)}{\mathtt{EDELC}\left(t\right)}\)
Life of Capacity PUS y LCPUS LCPUS1980 CDPUS \(\mathtt{LCPUS}\left(t\right)=\mathtt{LCPUS1980}\left(t\right)\)
Life of Capacity PUS in 1980 y LCPUS1980 OWELC CUCPUS1980 LCPUS \(\mathtt{LCPUS1980}\left(t\right)=15\cdot\mathtt{OWELC}\left(t\right)\)
Off-Balance Sheet Govmnt Inv in PIS (share of GDP) OBSGIPIS USPIS2022 CIPIS \(\mathtt{OBSGIPIS}\left(t\right)=\mathtt{ifelse}\left(\left(t>2000\right),\mathtt{USPIS2022},0\right)\)
Off-Balance-Sheet Govmnt Inv in PUS (share of GDP) OBSGIPUS USPUS2022 CIPUS \(\mathtt{OBSGIPUS}\left(t\right)=\mathtt{ifelse}\left(\left(t>2000\right),0.01+\mathtt{USPUS2022},0.01\right)\)
Output Growth Rate 1/y OGR OLY ORO OGR NCCR OGR 0.06 \(\frac{\mathrm{d}\mathtt{OGR}\left(t\right)}{\mathrm{d}t}=\frac{-\mathtt{OLY}\left(t\right)+\mathtt{ORO}\left(t\right)}{\mathtt{OLY}\left(t\right)}-\mathtt{OGR}\left(t\right)\)
Output Last Year Gdollar/y OLY OLY ORO OGR OLY 26497.1 \(\frac{\mathrm{d}\mathtt{OLY}\left(t\right)}{\mathrm{d}t}=-\mathtt{OLY}\left(t\right)+\mathtt{ORO}\left(t\right)\)
Optimal Ouput - Value Gdollar/y OOV ORO PRUN EDE \(\mathtt{OOV}\left(t\right)=\mathtt{PRUN}\cdot\mathtt{ORO}\left(t\right)\)
Optimal Real Output Gu/y ORO CPUS LAUS CPIS ETFP OO1980 LAMBDA LAUS1980 KAPPA CAPPUS1980 CAPPIS1980 OUTP OGR OLY OOV \(\mathtt{ORO}\left(t\right)=\left(\frac{\mathtt{LAUS}\left(t\right)}{\mathtt{LAUS1980}}\right)^{\mathtt{LAMBDA}}\cdot\left(\frac{\mathtt{CPIS}\left(t\right)+\mathtt{CPUS}\left(t\right)}{\mathtt{CAPPIS1980}+\mathtt{CAPPUS1980}}\right)^{\mathtt{KAPPA}}\cdot\mathtt{OO1980}\cdot\mathtt{ETFP}\left(t\right)\)
OWeoCOC (1) OWECC OW OWECCM OW2022 COCA \(\mathtt{OWECC}\left(t\right)=\mathtt{ifelse}\left(\left(t>2000\right),1+\mathtt{OWECCM}\cdot\left(-1+\frac{\mathtt{OW}\left(t\right)}{\mathtt{OW2022}}\right),1\right)\)
OWeoLOC (1) OWELC OW OWELCM OW2022 LCPUS1980 LCPIS \(\mathtt{OWELC}\left(t\right)=\mathtt{ifelse}\left(\left(t>2000\right),1+\mathtt{OWELCM}\cdot\left(-1+\frac{\mathtt{OW}\left(t\right)}{\mathtt{OW2022}}\right),1\right)\)
Perceived Excess DEmand (1) PEDE EDE PEDE TOED PEDE EDEFCA EDELC 1.0 \(\frac{\mathrm{d}\mathtt{PEDE}\left(t\right)}{\mathrm{d}t}=\frac{-\mathtt{PEDE}\left(t\right)+\mathtt{EDE}\left(t\right)}{\mathtt{TOED}}\)
WSO Effect on Flow to Capacity Addition (1) WSOEFCA WASH WSOEFRA FACNC \(\mathtt{WSOEFCA}\left(t\right)=1+\mathtt{WSOEFRA}\cdot\left(-1+2\cdot\mathtt{WASH}\left(t\right)\right)\)

The parameters

Vensim name Name Is used by Value
CAP PIS in 1980 Gcu CAPPIS1980 ORO 59250.0
CAP PUS in 1980 Gcu CAPPUS1980 CUCPUS1980 ORO 5350.0
sCBCeoFRA<0: Corporate Borrowing Cost Effect on FRA CBCEFRA CBCEFCA -0.8
Cost of Capacity in 1980 dollar/cu CC1980 COCA 1.0
Construction Time PIS y CTPIS CAPIS 1.5
Construction Time PUS y CTPUS CAPUS CUCPUS1980 1.5
Excess Demand in 1980 ED1980 EDEFCA EDELC 1.0
sEDeoFRA>0: Excess Demand Effect on FRA EDEFRA EDEFCA 5.0
sEDeoLOC>0: Excess Demand Effect on Life of Capacity EDELCM EDELC 0.5
Extra Mult on CUC, to avoid initial transient in investment share of GDP EMCUC CUCPUS1980 1.7
Foreign Capital Inflow Gdollar/y FCI AVCA 0.0
FRA in 1980 FRA1980 FACNC 0.9
FRACA Min FRACAM FRACAMGDPPL 0.65
GDP per Person in 1980 GDPP1980 FRACAMGDPPL FRACAMGDPPT 6.4
sGDPppeoFRACA<0: GDP per Person Effect on FRACA GDPPEFRACA FRACAMGDPPL -0.2
Investment Planning Time y IPT FACNC 1.0
Kappa KAPPA ORO 0.3
Lambda LAMBDA ORO 0.7
Labour Use in 1980 Gph/y LAUS1980 ORO 3060.0
Life of Capacity PIS in 1980 y LCPIS1980 LCPIS 15.0
Optimal output in 1980 Gu/y OO1980 ORO 28087.0
OBserved WArming in 2022 deg C OW2022 OWECC OWELC 1.35
sOWeoCOC>0: Observed Warming Effect on Cost of Capacity Multiplier OWECCM OWECC 0.2
sOWeoLOC<0: Observed Warming Effect on Life of Capacity Multiplier OWELCM OWELC -0.1
Price per Unit dollar/u PRUN OOV 1.0
Time to observe excess demand y TOED PEDE 1.0
Unconventional Stimulus in PIS from 2022 (share of GDP) USPIS2022 OBSGIPIS 0.0
Unconventional Stimulus in PUS from 2022 (share of GDP) USPUS2022 OBSGIPUS 0.0
sWSOeoFRA<0: Worker Share of Output Effect on FRA WSOEFRA WSOEFCA -2.5