We use low-order projection methods to compute numerical solutions of the basic neoclassical stochastic growth model. We assess the quality of the obtained solutions, and compare them to numerical approximations derived with first and second-order perturbation techniques. We show that projection...

We use low-order projection methods to compute numerical solutions of the basic neoclassical stochastic growth model. We assess the quality of the obtained solutions, and compare them to numerical approximations derived with first and second-order perturbation techniques. We show that projection...

A pressure (density) and a corner no-slip boundary condition formulation are introduced for the two-dimensional lattice Boltzmann method and numerically tested for the Hagen–Poiseuille flow case in this work. Both formulations are derived independently of the equilibrium distribution function...

In a recent article, Bai and Perron (2003, Journal of Applied Econometrics) present a comprehensive discussion of computational aspects of multiple structural change models along with several empirical examples. Here, we report on the results of a replication study using the R statistical...

In a recent article, Bai and Perron (2003, Journal of Applied Econometrics) present a comprehensive discussion of computational aspects of multiple structural change models along with several empirical examples. Here, we report on the results of a replication study using the R statistical...

In the present discussion a no-slip boundary condition for walls with a tangential movement is derived. The resulting closure is local, conserves mass exactly and is second order accurate with respect to the grid spacing. In addition it avoids the numerical instabilities observed for other types...

We describe a general algorithmic concept for grid refinement in the lattice Boltzmann method. Unlike most of the previously known approaches, the present one is based on volumetric formulation so that conservation laws are exactly guaranteed.

We characterize the balanced growth path of the basic neoclassical growth economy using standard, almost linear numerical solution methods, as well as the parameterized expectations approach, which preserves the nonlinearity in the model. We also apply the same methods after adding indivisible...