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Automating the computation of solutions of large economic models

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  • Pearson, K. R.

Abstract

The computer implementation of any large economic model is usually a very expensive and time consuming task. This paper describes a software package, called GEMPACK, which is being developed specifically to reduce dramatically the research time, effort and cost required to set up one solution method (the Johansen method) on a computer. Existing features of GEMPACK are described in detail, as are developments planned for the near future. The software is model-independent, in that it works for a wide class of economic models, irrespective of the form of the equations or underlying theory. GEMPACK is portable to most mini and main-frame computers, because it has been written in ANSI standard FORTRAN 77, with such portability as a primary requirement.
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Suggested Citation

  • Pearson, K. R., 1988. "Automating the computation of solutions of large economic models," Economic Modelling, Elsevier, vol. 5(4), pages 385-395, October.
    • Handle: RePEc:eee:ecmode:v:5:y:1988:i:4:p:385-395
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    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software

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