!README.txt

 



The folder “Maliars_EL_87_2005” contains MATLAB software accompanying 
the article “Solving Nonlinear Stochastic Growth Models: Iterating on 
Value Function by Simulations” by Lilia Maliar and Serguei Maliar, (2005), 
Economics Letters 87, 135-140. 

This version: January 4, 2005

The following items are provided: 

1. LICENSE AGREEMENT.

2. The article “Solving Nonlinear Stochastic Growth Models: Iterating on 
Value Function by Simulations” by Lilia Maliar and Serguei Maliar, (2005), 
Economics Letters 87, 135-140 (a working paper version). 

3. MATLAB FILES.

   a. "OneSector.m" and "TwoSector.m" are programs that solve the one- 
      and two-sector models, respectively;

   b. "objective.m" is the objective function shared by both OneSector.m 
       and TwoSector.m programms;

   c. "shock.m" defines the parameters of exogenous shocks, creates 
       simulated series for such shocks and saves them on the disc; 

   d. "shock005" and "shock05" are outputs of the program "shock.m" 
       corresponding to the values 0.005 and 0.05 of the standard 
       deviations of the error term, respectively. The realizations 
      "shock005" and "shock05" were used to compute the results in 
       the paper. 

For updates and other related software, please, check the authors' web 
pages. For additional information, please, contact the corresponding 
author Serguei Maliar.
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Copyright © 2005 by Lilia Maliar and Serguei Maliar. All rights reserved. 
The code may be used, modified and redistributed under the terms provided 
in the file "License_Agreement.txt".
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