Grid-enabled estimation of structural economic models

Victor Zhorin and Tiberiu Stef-Praun

MPRA Paper from University Library of Munich, Germany

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.

Keywords: occupational choice; financial deepening; economic growth; cloud computing (search for similar items in EconPapers)
JEL-codes: C63 D58 G11 (search for similar items in EconPapers)
Date: 2008-11-04
New Economics Papers: this item is included in nep-cmp
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11384

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