diff --git a/matlab/parallel/InitializeComputationalEnvironment.m b/matlab/parallel/InitializeComputationalEnvironment.m
index e73449fd60e7b5b4dcf74e371228d628932fe1d5..ebe6b72fc57c0806c7ad3a7a5221d418db9628a1 100644
--- a/matlab/parallel/InitializeComputationalEnvironment.m
+++ b/matlab/parallel/InitializeComputationalEnvironment.m
@@ -43,6 +43,10 @@ for j=1:length(options_.parallel),
            options_.parallel(j).MatlabOctavePath = 'matlab';
         end
     end
+    if options_.parallel(j).Local && isempty(options_.parallel(j).DynarePath),
+        dynareroot = strrep(which('dynare'),'dynare.m','');
+        options_.parallel(j).DynarePath=dynareroot;
+    end
 end