Open-Source tools for economic modelling

QuantEcon is an interesting site from some high profile economists advocating for open-source tools for quantitative economic analysis.  The organization describes itself  on their website as follows:

QuantEcon is a nonprofit organization dedicated to improving economic modeling by enhancing computational tools for economists.  Our activities include

  • developing and facilitating the development of open source software for economic modeling, and
  • building open, collaborative platforms for sharing, discussing and documenting open source software

Development is centered on open source scientific computing environments such as Python, R and Julia.

Creating quantitative tools for others to use is something that I also support through my work at the Innovation and Value Initiative’s Open-Source Value Project (OSVP).

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