The Hierarchy of Modelling Techniques

Paul Spahn

Chapter 3 in Tax Modelling for Economies in Transition, 1998, pp 33-43 from Palgrave Macmillan

Abstract: Abstract Economic simulation models—of which tax models form a subgroup—can be established at various levels of aggregation. They can be extremely simple and they may achieve high levels of specification and sophistication. In essence, even a crude ‘back-of-the-envelope’ calculation could be considered a model. However, this would not suit well for simulation purposes because it cannot account for more complex relationships, and it does not allow the timely updating and repetitive analysis of any data relevant for a simulation exercise. The same is true for simple arithmetic operations performed manually on a desk calculator.

Keywords: Micro Model; Macro Model; Microsimulation Model; Macro Data; Individual Taxpayer (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-14109-8_3

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