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Grid-enabled estimation of structural economic models

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Author Info
Zhorin, Victor
Stef-Praun, Tiberiu

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Abstract

In 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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File URL: http://mpra.ub.uni-muenchen.de/11384/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 11384.

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Date of creation: 04 Nov 2008
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Handle: RePEc:pra:mprapa:11384

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Related research
Keywords: 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 and Programming - - - Computational Techniques
D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Banerjee, Abhijit V. & Duflo, Esther, 2005. "Growth Theory through the Lens of Development Economics," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 7, pages 473-552 Elsevier. [Downloadable!] (restricted)
  2. Tesfatsion, Leigh S., 2006. "Agent-Based Computational Economics: A Constructive Approach to Economic Theory," Staff General Research Papers 12514, Iowa State University, Department of Economics. [Downloadable!]
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  3. Gine, Xavier & Townsend, Robert M., 2004. "Evaluation of financial liberalization: a general equilibrium model with constrained occupation choice," Journal of Development Economics, Elsevier, vol. 74(2), pages 269-307, August. [Downloadable!] (restricted)
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  4. Jeong, Hyeok & Townsend, Robert M., 2008. "Growth And Inequality: Model Evaluation Based On An Estimation-Calibration Strategy," Macroeconomic Dynamics, Cambridge University Press, vol. 12(S2), pages 231-284, September. [Downloadable!]
    Other versions:
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