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Developing and Implementing Large Economic Models Using GEMPACK, A General Purpose Software Suite

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  • G. Codsi
  • K.R. Pearson

Abstract

This paper gives a brief overview of a new suite of software designed to make it relatively painless to implement large economic models, especially those in the computable general equilibrium (CGE) class. Whereas in the past a large element in the cost of building these models has been the writing of special-purpose code, the GEMPACK facility described here virtually eliminates the need for tailor-made programs. Moreover, because this facility is accessed via an essentially algebraic language, the GEMPACK computer text file used to implement an economic model provides an easily understood, but exhaustive and definitive, documentation of the model itself - something which only rarely has been available in the past

Suggested Citation

  • G. Codsi & K.R. Pearson, 1994. "Developing and Implementing Large Economic Models Using GEMPACK, A General Purpose Software Suite," Centre of Policy Studies/IMPACT Centre Working Papers ip-39, Victoria University, Centre of Policy Studies/IMPACT Centre.
    • Handle: RePEc:cop:wpaper:ip-39
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    References listed on IDEAS

    as
    1. Meeraus, Alexander, 1983. "An algebraic approach to modeling," Journal of Economic Dynamics and Control, Elsevier, vol. 5(1), pages 81-108, February.
    2. Pearson, K. R., 1988. "Automating the computation of solutions of large economic models," Economic Modelling, Elsevier, vol. 5(4), pages 385-395, October.
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    More about this item

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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