A comparison of programming languages in macroeconomics

B-Tier
Journal: Journal of Economic Dynamics and Control
Year: 2015
Volume: 58
Issue: C
Pages: 265-273

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:dyncon:v:58:y:2015:i:c:p:265-273
Journal Field
Macro
Author Count
2
Added to Database
2026-01-24