The stochastic growth model is the workhorse of a narrow subfield of economics. It is not in any way representative of the research we do. Further, you will not find any examples that are better suited to compiled languages or less suited to using R than the one in this paper.
To my knowledge, value function iteration isn't even used much in this area of research, so the claim that the stochastic growth model is a "workhorse" is a bit misleading - the stochastic growth model gets used, but it is not solved very often using the methodology in this paper.
To my knowledge, value function iteration isn't even used much in this area of research, so the claim that the stochastic growth model is a "workhorse" is a bit misleading - the stochastic growth model gets used, but it is not solved very often using the methodology in this paper.