Grid-enabled estimation of structural economic models
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.
|Date of creation:||04 Nov 2008|
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