For my econ class, I chose to write a paper on how GST affected india's economy, though my teacher has approved it, I would like to add data showing how India's economy would have behaved without GST, however being in 12 th I have no idea how to do this. Are there any free apps that can help me with this?
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Have a look at GTAP in GAMS, it is used for CGE modeling and looking at alternative scenarios, such as by chnging tax rates etc afaik but I am nt sure if something as complex and major as the Indian GST can be implemented here, or if the data even is available – Ishan Kashyap Hazarika Jun 21 '22 at 18:35
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@IshanKashyapHazarika GAMS is not free – 1muflon1 Jun 21 '22 at 18:53
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Oh sorry, didnt know. I had access to it through an organisation I was working for so I wasnt sure – Ishan Kashyap Hazarika Jun 22 '22 at 04:46
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To simulate a whole economy you will need something like:
- octave
- Python
- Julia
- Fortran
All of the software above is free.
1muflon1
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2So I basically have to write a program, right? No ready made app exits(where I can just input parametersm am I right? – math and physics forever Jun 21 '22 at 17:41
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@fhhh to my best knowledge there isn’t any app where you could simulate a whole economy just by entering parameters, so yea you have to write the code for simulation yourself – 1muflon1 Jun 21 '22 at 18:14
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