Economic growth models: symbolic and numerical computations

Growth economic models play a crucial role in understanding countries development, inter-country macroeconomic relationship and, ultimately, to anticipate the effects onendogenous variables due to political shocks on model parameters or exogenous variables. Yet, build a mathematicalmodel can be a difficult and time consuming task. Symboliccomputations can be of great help in the development process. Then, the ability to simulate, under initial assumptions, is,assuredly, a priceless tool for policy makers to take decisions and to adapt them along the time. Robust and efficient solvers arerequired to allow for reliable and fast answers. This paper deals with an integrated computational approach to economic growthmodels, based on the exceptional ability of MATLAB's numerical computing and exploring its symbolic computing capabilities. Illustration is made with the Ramsey-Cass- Koopmans model, one of the macroeconomic workhorse models

کلیدواژه ها:

Economic growth ، symbolic computations ، numerical computations