Showing 1 - 10 of 4,999
We describe the progress of computable general equilibrium (CGE) modeling software since the 1980s and contrast the …
Persistent link: https://www.econbiz.de/10014025271
Sensitivity analysis studies how the variation in the numerical output of a model can be quantitatively apportioned to different sources of variation in basic input parameters. Thus, it serves to examine the robustness of numerical results with respect to input parameters, which is a...
Persistent link: https://www.econbiz.de/10014214687
Sensitivity analysis studies how the variation in the numerical output of a model can be quantitatively apportioned to different sources of variation in basic input parameters. Thus, it serves to examine the robustness of numerical results with respect to input parameters, which is a...
Persistent link: https://www.econbiz.de/10003751777
We introduce a numerical algorithm for solving dynamic economic models that merges stochastic simulation and projection approaches: we use simulation to approximate the ergodic measure of the solution, we cover the support of the constructed ergodic measure with a fixed grid, and we use...
Persistent link: https://www.econbiz.de/10011757628
the mathematics in software so that the model can be solved on a computer is a crucial skill for economists. Computational … authors employ various software systems--including MATLAB, Mathematica, GAMS, the nonlinear programming solver in Excel, and … instructions on numerous software systems Encourages customization and creativity …
Persistent link: https://www.econbiz.de/10014487836
Persistent link: https://www.econbiz.de/10000955697
Persistent link: https://www.econbiz.de/10011415990
Persistent link: https://www.econbiz.de/10001190609
We study a non-parametric class of neoclassical trade models with global production networks and arbitrary distortions. We characterize their properties in terms of sufficient statistics useful for growth and welfare accounting as well as for counterfactuals. Using these sufficient statistics,...
Persistent link: https://www.econbiz.de/10012865758
We study a non-parametric class of neoclassical trade models with global production networks. We characterize their properties in terms of sufficient statistics useful for growth and welfare accounting as well as for counterfactuals. We establish a formal duality between open and closed...
Persistent link: https://www.econbiz.de/10012480054