@article {10.34196/ijm.00022,
article_type = {journal},
title = {Sequential macro-micro modelling with behavioural microsimulations},
author = {Lay, Jann},
volume = 3,
number = 1,
year = 2010,
month = {jun},
pub_date = {2010-06-30},
pages = {24-34},
citation = {IJM 2010;3(1):24-34},
doi = {10.34196/ijm.00022},
url = {https://doi.org/10.34196/ijm.00022},
abstract = {This paper presents a sequential methodology that combines a macroeconomic CGE model with a behavioural microsimulation, illustrates the approach with applications, and discusses its merits and shortcomings. The microsimulation, based on a household income generation model, allows for incorporating individual fixed effects into macro-micro analysis. We argue that one of the main merits of the sequential approach is its flexibility. However, this flexibility comes at the cost of theoretical inconsistency.},
keywords = {CGE model, behavioural microsimulation, applied model, developing countries},
journal = {IJM},
issn = {1747-5864},
publisher = {International Journal of Microsimulation},
}