Economic Development

  • Neculai Andrei
Chapter
Part of the Springer Optimization and Its Applications book series (SOIA, volume 81)

Abstract

In this chapter we present two economic development applications using the GAMS technology. The first one is the elementary Ramsey growth model, and the second one is a small linear dynamic macroeconomic model of the U.S. economy, developed by Kendrick (1982), in which both monetary and fiscal policy variables are used. It is worth noting that the initial research and development of GAMS was considered by a large economic modeling group at the World Bank. They produced impressive research and results to solve multisectoral economywide models and large simulation and optimization models in, for example, agriculture, steel, fertilizer, power, water management, general equilibrium, economic growth, market equilibrium, and activity analysis. Some worked out examples in dynamic optimization; analytic and numeric methods using the GAMS technology are presented in Cretegny and Rutherford (2004).

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Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  • Neculai Andrei
    • 1
    • 2
  1. 1.Center for Advanced Modeling and OptimizationNational Research Institute for InformaticsBucharestRomania
  2. 2.Academy of Romanian ScientistsBucharestRomania

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