A Comparison of Programming Languages in Economics / S. Borağan Aruoba, Jesús Fernández-Villaverde.

Format:

Book

Author/Creator:

Aruoba, S. Borağan.

Contributor:

National Bureau of Economic Research.

Fernández-Villaverde, Jesús.

Series:

Working Paper Series (National Bureau of Economic Research) no. w20263.

NBER working paper series no. w20263

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2014.

Summary:

We solve the stochastic neoclassical growth model, the workhorse of modern macroeconomics, using C++11, Fortran 2008, Java, Julia, Python, Matlab, Mathematica, and R. We implement the same algorithm, value function iteration with grid search, 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.

Notes:

Print version record

June 2014.