Writing MATLAB code for an Economics Problem
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I need help with writing a short matlab code for my research at Uni. I have all the equations I just need someone to help me run it in MATLAB.
This is a model with capital and human capital. Capital grows by savings and output is produced using capital and human capital. Human capital is affected by education and technology.
I have a government which chooses two variables education and technology. There are two levels of technology: low and high and the govt decides in every period whether to shift to the high from the low tech. If I choose 3 years of education, it will affect the economy after 3 years when the people graduate and enter the labour force.
I am stuck with the maximizing the present discounted value of all future income and finding the equilibrium level of education.
Please Note the following:
1. I will give you the codes that I have written and will give you the notes that you need. You will just have to do the optimization problem and calibrate it using real life data.
2. The deadline will be final and no extension will be granted. You will have to submit in 7 days time.
3. Milestone will only be set when you prove that you can do the problem. (after you show that you have understood the problem and finished 20-25% of it.
Only bid if you understand these conditions properly.
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