Grid-enabled estimation of structural economic models

Zhorin, Victor and Stef-Praun, Tiberiu (2008): Grid-enabled estimation of structural economic models.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: occupational choice; financial deepening; economic growth; cloud computing
• Subjects: G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C63 - Computational Techniques ; Simulation Modeling; D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D58 - Computable and Other Applied General Equilibrium Models

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