Traditionally, computer and software applications have been used by economists to off-load otherwise complex or tedious tasks onto technology, freeing up time and intellect to address other, intellectually more rewarding, aspects of research. On the negative side, this increasing dependence on...

Grocer is an econometric toolbox for Scilab, a free opensource matrix- oriented toolbox similar to Matlab and Gauss. It contains more than 50 econometric different methods, with many variants and extensions. Most standard econometric tools are available. Grocer contains also two original...

Computing power now allows empirical researchers to use intensive computing estimation techniques with nonlinear panel-data models. Maximum Likelihood estimation is often cumbersome, if not analytically intractable, when dealing with such models. Even the simple calculation of the likelihood...

Advances in computing power allow the empirical researcher to use intensive computional techniques to solve and estimate nonlinear panel-data models, specifically those arising from nonlinear panel data such as Probit and Tobit models. In these cases, maximum-likelihood estimation can be...

This paper discusses and documents G@RCH 2.0, an Ox package dedicated to the estimation and forecasting of various univariate ARCH-type models including the GARCH, EGARCH, GJR, APARCH, IGARCH, FIGARCH, FIEGARCH and FIAPARCH specifications of the conditional variance and an AR(FI)MA specification...

Modern econometrics requires implementation of highly specialized software. In contrast to mathematical arguments used in implementing new econometric techniques the corresponding software algorithms require specific platforms. The specialization of hardware and software, in fact, seriously...