Dear Sir/Madam,

I was wondering if you could please assist me with the error message I am having below.

//%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

//% Notes:

//% DYNARE timing convention has been used

//% for the capital accumulation equation

//%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

//% VARIABLES AND PARAMETERS DEFINITION

//%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

var y c k i h l z;

varexo e;

parameters beta alpha gamma theta omega rho sigma;

//%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

//% CALIBRATED PARAMETER VALUES FROM THE ARTICLE

//%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

beta = .96;

alpha = .29;

gamma= 2;

theta = .6;

omega= 1.42;

rho=.51;

sigma = .045;

//%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

//% MODEL:

//%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

model;

//% FIRST ORDER CONDITIONS

exp(l)=((1-alpha)*(exp(k(-1))*(exp(h))^alpha)*exp(l)^(-alpha))^(1/theta);
exp(h)=((alpha*(exp(k(-1)

*exp(h))^(alpha-1))*

((exp(c)-(exp(l)^1+theta)/(1+theta))^(-gamma))/(1+exp(z))=beta(exp(c(+1))-(exp(l(+1))^(1+theta))/(1+theta)^(-gamma))

*exp(l)^(1-alpha))*(1+exp(z)))^(1/omega-1);((exp(c)-(exp(l)^1+theta)/(1+theta))^(-gamma))/(1+exp(z))=beta

*alpha*(exp(k)

*exp(h(+1))^(alpha-1))*(exp(l(+1))^(1-alpha))*exp(h(+1))+(1-(1/omega)*exp(h(+1))^omega)/(1+exp(z(+1)));

((exp(k(-1))*exp(h))^alpha)

*exp(l)^(1-alpha)=exp(c)+exp(k)/(1+exp(z))-(exp(k(-1))*(1-(1/omega)*exp(h)^omega))/(1+exp(z));

//% CONSTRAINTS

exp(k)=(((exp(k(-1))^alpha)*(exp(h))^(alpha)) exp(l)^(1-alpha)+(1-(1/omega)(exp(h)^omega)exp(k(-1)))/(1+exp(z))-exp(c))(1+exp(z));*z(-1)+e;

exp(y)=exp(c)+exp(i)/(1+exp(z));

z=rho

end;

//% INITIAL VALUES AND STEADY STATE:

initval;

k=0.567966;

i=0.0563;

l=0.3610;

h=0.251526;

c=0.2196

z=0;

e=0;

end;

steady;

//%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

//% SHOCKS: DEFINE SHOCKS

//%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

shocks;

var e = sigma^2;

end;

stoch_simul(periods=2100,order=1);

The message I get is:

dynare GHH.mod

Configuring Dynare …

[mex] Generalized QZ.

[mex] Sylvester equation solution.

[mex] Kronecker products.

[mex] Sparse kronecker products.

[mex] Bytecode evaluation.

[mex] k-order perturbation solver.

[mex] k-order solution simulation.

Starting Dynare (version 4.1.2).

Starting preprocessing of the model file …

ERROR: GHH.mod:59.1: syntax error, unexpected NAME

??? Error using ==> dynare at 126

DYNARE: preprocessing failed

Thank you so much.

Regards,

Bouba