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mobile_labour_and_capital_in_integration_zone [2017/08/23 07:32]
jfoure created
mobile_labour_and_capital_in_integration_zone [2017/08/23 08:36] (current)
jfoure [Integrated capital market]
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 ==== Integrated capital market ==== ==== Integrated capital market ====
  
-Capital in MIRAGE is differentiated by sectors to reflect imperfect allocation. Investments are defined through a specific investment function (see section [[Capital and investment dynamics]]).+Capital in MIRAGE is differentiated by sectors to reflect imperfect allocation. Investments are defined through a specific investment function (see section [[Capital and investment dynamics ​(Outdated)]]).
  
 When a region is considered as integrated, investment is then made perfectly mobile between regions for each sector but are still considered rigid from one sector to another. As a consequence,​ sectoral return on investment is the same throughout countries of the integrated area but not across sectors. When a region is considered as integrated, investment is then made perfectly mobile between regions for each sector but are still considered rigid from one sector to another. As a consequence,​ sectoral return on investment is the same throughout countries of the integrated area but not across sectors.