solow-sim 0.1.3

Demo library

Solow Library

A Solow simulator to help understand the basics of the Solow Model.

The model is based on the standard Undergraduate thaught Solow Model

with Cobb-Douglas Production functions. For now, the model doesn't take

into account technological growth. The default population and capital

settings are both set to 1 unit at time zero.

Installation

pip install solow-sim

Get started

To start experimenting

from solow_library import user_interface

user_interface

Then, run the python file and follow the instructions.

To play around by yourself,

from solow_library import solow

Formal Documentation should be coming one day, however, here are the

main functions one should be interested in:

Creating an Economy:

name = "USA"

savings = 0.05

depreciation = 0.05

population_growth = 0.03

capital_ratio = 0.4

time = 200

usa = solow.Economy(name, savings, depreciation,

              population_growth, capital_ratio, time)

print(usa)

Access the Time Paths:

print(usa.data)

# Or for any variables {'Time', 'Capital', 'Population', 'Output', 'Output',

# 'Interest', 'Wage'}

print(usa.data['Wage'])

Plot Time Paths:

usa.plot_all()

Introduce A Population Shock:

shock_size = 0.2

shock_time = 100

usa.population_shock(shock_size,shock_time)

usa.plot_all_shock()

Access time paths after the Shock:

print(usa.data)

#Or, for any of the previous variables with ' - Pop.Shock' added at the end

print(usa.data['Wage - Pop.Shock'])