A Comparison ofProgramming Languagesin Economics∗S. Borağan Aruoba†University of MarylandJesús Fernández-Villaverde‡University of PennsylvaniaJune 16, 2014AbstractWe solve the stochastic neoclassical growth model, the workhorse of mod-
ern macroeconomics, using C++11, Fortran 2008, Java, Julia, Python, Matlab,
Mathematica, and R. We implement the same algorithm, value function iteration
with grid search, in each of the languages. We report the execution times of the
codes in a Mac and in a Wind
