R Meets GEMPACK for a Monte Carlo Walk
Nelson Benjamin Villoria · Journal of Global Economic Analysis · 2017
This paper discusses two R functions for reading the output of GEMPACK-based CGE models into R. We highlight the potential of coupling GEMPACK and R by conducting systematic sensitivity analysis of model results using Monte Carlo experiments. We also show how R can enhance the analysis of CGE results by allowing for formal hypothesis testing of the effects of policies which outcome depends on stochastic shocks.