Alvaro Aguirre, Jon Danielsson, 20 August 2020

The most widely used programming languages for economic research are Julia, Matlab, Python and R. This column uses three criteria to compare the languages: the power of available libraries, the speed and possibilities when handling large datasets, and the speed and ease-of-use for a computationally intensive task. While R is still a good choice, Julia is the language the authors now tend to pick for new projects and generally recommend.

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