Table 2 Model variables identification
Endogenous variables (units) | Exogenous variables (units) |
|---|---|
Concession period (years) | Traffic volume growth Rate (%) |
Concession price ($ dollars) | Interest rate (%) |
Government subsidy ($ dollars) | Capitalized interest rate (%) |
Equity (%) | Construction period (years) |
Equity ratio (%) | Construction cost ($ dollars) |
Debt ratio (%) | Inflation rate (%) |
Traffic volume (cars/day) | Tax rate (%) |
O&M cost ($ dollars) | Discounted rate (%) |
Debt repayment ($ dollars) | Â |
Payment on debt interest ($ dollars) | Â |