Title: Technology of development and implementation of realistic (country-specific) models of intertemporal equilibrium
Authors: M.A. Khokhlov; I.G. Pospelov; L.Ya. Pospelova
Addresses: Yandex LLC, Moscow, Russia ' Department Mathematical Modeling of Economic Systems, Dorodnicyn Computing Centre of RAS, Vavilov st. 40, Moscow 119333, Russia ' Department Mathematical Modeling of Economic Systems, Dorodnicyn Computing Centre of RAS, Vavilov st. 40, Moscow 119333, Russia
Abstract: This paper presents a support system for economic modelling (ECOMOD). This system uses the computer algebra system Maple and supports both numerical computations and analytical study of models. It also controls for correctness balances and dimensions of a model. ECOMOD was successfully applied to intertemporal equilibrium models of the Russian and the Kazakhstan economies. The system is particularly efficient for structures similar to general economic equilibrium with non-standard descriptions of agents.
Keywords: computational economics; econometrics; economic agents; economic modelling; mathematical modelling; general economic equilibrium; intertemporal equilibrium; turn-pike property; country-specific models; Russia; Kazakhstan; economy.
International Journal of Computational Economics and Econometrics, 2014 Vol.4 No.1/2, pp.234 - 253
Received: 04 Jul 2013
Accepted: 03 Oct 2013
Published online: 08 Apr 2014 *