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
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

Comments

The ESL can be found in the following URL: https://github.com/INET-Complexity/Core-ESL and https://github.com/INET-Complexity/distilledESL

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