Microsimulation, CGE and macro modelling for transition and developing economies

Arbeitspapier

Alternative approaches to modelling distributional and welfare effects of changes in policy and the economic environment in developing and transition countries are surveyed. Microsimulations range from pure accounting approaches to models with behavioural equations based on econometric estimates and various dynamic models. Microsimulation accounting models are key to analysing the impact effects of tax and benefit changes and are becoming widespread. Computable general equilibrium (CGE) modelling endogenizes price changes and changes in industry and labour market structure. An essential CGE input is a social accounting matrix (SAM), which can be used to do simple multiplier analyses. A wide range of macroeconomic models have also been used in developing countries, endogenizing variables like interest rates and exchange rates.

Object Details

• ISBN: 9291906263
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Discussion Paper ; No. 2004/08

Classification and Topics

• Classification: Wirtschaft ; Personal Income, Wealth, and Their Distributions ; Computable and Other Applied General Equilibrium Models ; Macroeconomic Analyses of Economic Development ; Economic Development: Human Resources; Human Development; Income Distribution; Migration
• Subject: microsimulation ; computable general equilibrium ; development ; transition ; Simulation ; Allgemeines Gleichgewicht ; Makroökonomik ; Übergangswirtschaft ; Entwicklungsländer ; CGE-Modelling

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Davis, James B.
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/52988
• Last update: 10.03.2025, 11:42 AM CET