Object oriented (dynamic) programming: Replication, innovation and "structural" estimation

Arbeitspapier

This paper discusses how to design, solve and estimate dynamic programming models using the open source package niqlow. Reasons are given for why such a package has not appeared earlier and why the object-oriented approach followed by niqlow seems essential. An example is followed that starts with basic coding then expands the model and applies different solution methods to finally estimate parameters from data. Using niqlow to organize the empirical DP literature may support new research better than traditional surveys. Replication of results in several published papers validate niqlow, but it also raises doubt that complex models solved with purpose-built code can ever be independently verified.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Queen’s Economics Department Working Paper ; No. 1432

Classification and Topics

• Classification: Wirtschaft ; Computational Techniques; Simulation Modeling ; Model Construction and Estimation ; Quantitative Policy Modeling
• Subject: Dynamic Programming ; Computational Methods ; Replication Studies

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ferrall, Christopher
• Event: Veröffentlichung
• (who): Queen's University, Department of Economics
• (where): Kingston (Ontario)
• (when): 2020

Further information

• Handle: http://hdl.handle.net/10419/230585
• Last update: 10.03.2025, 11:41 AM CET