Grid-enabled estimation of structural economic models
AbstractIn this paper we present our experiences with the execution of structural economic models over the Grid using ”cloud computing”. We describe cases of distributed implementation and execution of occupational choice and ﬁnancial deepening models of economic growth. We show how the application of Grid technology and resources naturally ﬁts the studies of economic systems, by allowing us to capture eﬀects of computationally challenging real-world characteristics such as heterogeneity of wealth, talent and access costs among economic agents.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 11384.
Date of creation: 04 Nov 2008
Date of revision:
occupational choice; ﬁnancial deepening; economic growth; cloud computing;
Find related papers by JEL classification:
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
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