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|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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- Gine, Xavier & Townsend, Robert M., 2004.
"Evaluation of financial liberalization: a general equilibrium model with constrained occupation choice,"
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- William Easterly, 2002. "The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550423.
- 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. Full references (including those not matched with items on IDEAS)
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