TY  - JOUR
TI  - Sequential macro-micro modelling with behavioural microsimulations
AU  - Lay, Jann
VL  - 3
IS  - 1
PY  - 2010
DA  - 2010/06/30
SP  - 24-34
C1  - IJM 2010;3(1):24-34
DO  - 10.34196/ijm.00022
UR  - https://doi.org/10.34196/ijm.00022
AB  - 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.
KW  - CGE model
KW  - behavioural microsimulation
KW  - applied model
KW  - developing countries
JF  - IJM
SN  - 1747-5864
PB  - International Journal of Microsimulation
ER  -