function [pi,rho, u0, h0, eta, alpha, delta_A, delta_phi, B, g, theta, beta, sigma, ...
Astar, phistar]=params
% see Appendix in Shi, 2015, JME about how to calculate those parameters
% discount factor
beta=0.992;
% relative risk aversion
rho=2;
% fraction of entrepreneurs
pi=0.06;
% constant in entrep. utility
u0=42.803;
% constant in labor disutility
h0=24.404;
% curvature in labor disutility
eta=2;
% capital share
alpha=0.36;
% survival rate of capital
sigma=0.981;
% steady-state TFP
Astar=1;
% persistence in TFP
delta_A=0.95;
% stock of liquid assets
B=2.021;
% steady-state resaleability
phistar=0.273;
% persistence in resaleability
delta_phi=0.9;
% fraction of new equity
theta=0.273;
% government spending
g=0.193;









