| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5098274 | Journal of Economic Dynamics and Control | 2015 | 9 Pages |
Abstract
We solve the stochastic neoclassical growth model, the workhorse of modern macroeconomics, using C++14, Fortran 2008, Java, Julia, Python, Matlab, Mathematica, and R. We implement the same algorithm, value function iteration, in each of the languages. We report the execution times of the codes in a Mac and in a Windows computer and briefly comment on the strengths and weaknesses of each language.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
S. BoraÄan Aruoba, Jesús Fernández-Villaverde,