# Example three --- Deterministic growth model

states:
cap, tech
end

jumps:
cons
end

shocks:
end

parameters:
betta = 0.99
sigma = 1.1
delta = 0.025
alpha = 0.30
rho = 0.8
end

equations:
cap(+1) = (1.0 - delta)*cap + exp(tech)*cap^alpha - cons
cons^(-sigma) = betta*cons(+1)^(-sigma)*(1.0 - delta + alpha*exp(tech(+1))*cap(+1)^(alpha - 1.0))
tech(+1) = rho*tech
end
