Grid-enabled estimation of structural economic models

In this paper we present our experiences with the execution of structural economic models over the Grid using ”cloud computing”. We describe cases of distributed implementation and execution of occupational choice and financial deepening models of economic growth. We show how the application of Grid technology and resources naturally fits the studies of economic systems, by allowing us to capture effects of computationally challenging real-world characteristics such as heterogeneity of wealth, talent and access costs among economic agents.