Computer Programs
The files below demonstrate how to calibrate the
neoclassical growth model and then solve the model numerically, using data
from Finland as an example.
BaseCaseCalibration.xls calibrates model
parameters and derives a sequence of TFP values in the ‘calibration’
worksheet. The parameters are also saved in paramBase.txt, and the
series of TFP values along with labor endowment and taxes are saved in
dataBase.txt. The MATLAB program depressions.m uses these text
files and solveModel.m to solve the model numerically. The output
this program saves to output.xls can be used to generate the graphs
in BaseCaseCalibration.xls.
These files can be used to model any economy over any
period by replacing the data in BaseCaseCalibration.xls and saving the
results in the correct format to paramBase.txt and dataBase.txt.; Below is
an overview of the calibration procedures, the MATLAB programs, and using
the files on your own data. More details can be found in the files
themselves.
Overview
Files
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