A Comparison of Programming Languages in Economics: An Update (2018, pdf) Nov 19 2019 15:50 languageMoneyScience
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S. Boragan Aruobay
University of Maryland
University of Pennsylvania
March 25, 2018
We recompute the experiment in Aruoba and Fernndez-Villaverde (2015) with the latest version of each programming language. The central conclusions of our original paper remain unaltered: C++ is the fastest alternative, Julia offers a great balance of speed and ease of use, and Python is too slow. As the main changes,Matlab and R have considerably improved their performance, in the case of Matlab to make it competitive, for example, with Rcpp.