Dear all,
I’m estimating a multi-sectoral model with 15 sectors on Dynare. To do so, I simulate 102 periods of this model via a first program (here Simulation_15.mod) and then I estimte the model by using sectoral output and sectoral intermediate inputs as observables. The model is thus quite large (almost 900 equations) and even if it worked really well with 3 sectors, with 15 I can’t even get to the MCMH procedure in 6 hours. Yet, my computer is quite good.
Is there a means to make it faster ? Is it possible to optimize by using another kind of estimation routine ? Or should I find another computer to run it for me ?
You can find the mod files and the necessary excel spreadsheet attached.
Thank you very much for your help !
Best regards,
Côme
Estimation_15.mod (7.6 KB)
Estimation_15_steadystate.m (4.5 KB)
Gamma.csv (1.1 KB)
Param.csv (305 Bytes)
Simulation_15.mod (7.8 KB)
Simulation_15_steadystate.m (4.0 KB)