File:ED Section 6, equation 1 6.2.1.png
ED_Section_6,_equation_1_6.2.1.png (746 × 64 pixels, file size: 16 KB, MIME type: image/png)
These cross-sectionally estimated functions (LaborF) for each sector and skill type are used to compute labor coefficients (LABCOEFFS), i.e., number of skilled or unskilled workers needed to produce a unit of output in any given sector. The subscript s stands for the economic sectors in IFs, and the subscript sk stands for skill categories with 1 denoting unskilled and 2 skilled. Because GDP per capita at PPP (GDPPCP) is not yet calculated at this point in the flow of the model, the value from the previous time step is used.
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