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This document introduces GEMPACK to readers who are familiar with using GAMS for general equilibrium modeling. The document points out similarities and differences between GAMS and GEMPACK. The many similarities make it relatively easy for a GAMS modeler to begin using GEMPACK productively. A...
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The computer implementation of any large economic model is usually a very expensive and time consuming task. This paper describes a software package, called GEMPACK, which is being developed specifically to reduce dramatically the research time, effort and cost required to set up one solution...
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GEMPACK is a suite of general-purpose economic modelling software especially suitable for general and partial equilibrium models. It can handle a wide range of economic behaviour and also contains a versatile method for solving intertemporal models. GEMPACK provides software for calculating...
Persistent link: https://www.econbiz.de/10004992988
The past few years have seen increasing use of multiregional and intertemporal (that is, forward-looking) applied general equilibrium (AGE) models. These models share the characteristic of rapidly expanding dimensions. Because multilateral trade models increase in size with the square of the...
Persistent link: https://www.econbiz.de/10005031657
General equilibrium models are usually represented as a system of levels equations (e.g. in North America) or a system of linearized equations (e.g. in Australia). Either representation can be used to obtain accurate solutions. General-purpose software is available in both cases - GAMS or MPS/GE...
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