This directory contains Matlab codes for the paper

     Openness, Technology Capital, and Development
     by Ellen McGrattan and Ed Prescott

File           Brief description
----           -----------------
balgrowth      main subroutine to compute steady state balanced growth path
bgfoc          subroutine with first-order conditions using penalties
bgfocc         subroutine with first-order conditions imposing some M=0
bgss           main driver for steady state results
bigvsmall      generates Figure 8 in the paper
transfoc       subroutine with first-order conditions for transition code
transition     main driver for transition results

Ellen McGrattan
June 2008