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Economic Simulation Library
Economic Simulation Library is a community driven, open-source project to develop a user-friendly modelling library for building agent-based models of economic systems.
Type of content:
Assets
Type of asset:
Model
Big data potential
Yes
Policy domains:
Economy & Finance
Phase in the policy cycle:
Policy Design and Analysis
TRL
7
Implementation/customisation cost
Low
Open license availability
Yes
Ease of use
High
Tags:
Open Data
Real time information
Strategic planning
Serves:
Addresses:
| SWOT Analysis for Economic Simulation Library |
||
|---|---|---|
| Helpful | Harmful | |
Internal |
Strengths• Java library which acts as a starting point for a variety of economic models • User-friendly software library for building agent-based models (ABMs) of economic systems • Open licence availability |
Weaknesses• Interactions with mainstream community • Policy Implications • Empirical validation |
External |
Opportunities• Develop a user-friendly software library for building agent-based models (ABMs) of economic systems. • Build a Java library which acts as a starting point for a variety of economic models • Save agent-based modelers time by implementing several dynamics which are shared across a variety of economic ABMs. |
Threats• Interactions with mainstream community • Policy Implications • Empirical validation |
New URL
The ESL can be found in the following URL: https://github.com/INET-Complexity/Core-ESL and https://github.com/INET-Complexity/distilledESL