Behavior of capital

 

We consider a general model in 1114. When we consider ns-1 breaks and dim states in

 

each, we have the following dimensions of matrices:

 

nps:      ns x 1

 

tms:     (ns x dim) x dim

 

paras:   (ns x dim) x (# of parameters changing in the model).

 

 

When we set a scalar to nps and one to tms together with a single row of paras, we can

 

replicate the program leading to a steady state.

 

 

When we set same sets of parameters to paras by ns sets, we can replicate the program

 

with the same sets of parameters in 1115.

 

 

When we set the same tmfs to tms by ns, we can replicate the program with a single

 

transition matrix as in 1116.