Accelerating Research with a Personal MATLAB Parallel Cloud

A critical part of econometric analysis is having a systemic and formally designed model that gives reliability and confidence to the inference drawn. Monte Carlo experiments play an important role for econometricians to test their new model, but these frameworks require significant computing power. Given the rapid development of cloud computing services, MATLAB Parallel Server™ provides a convenient solution to set up a personal parallel cluster for academic research. University students can take a similar approach even for curriculum-related work. In this talk, we will explore how using this cluster can accelerate research that seeks to identify the technological changes in the world’s productivity as well as lessons learned from setting up and running the cluster.