Use of microsimulation models for political decesion making

Pál Belyó and István Molnár

Public Finance Quarterly, 2006, vol. 51, issue 3, 353-368

Abstract: Socioeconomic systems are complex, extremely sensitive and of great social and economic importance. Microsimulation is a method able to handle complex socioeconomic systems by creating and studying a model that makes intensive use of the statistical data of the observed objects. These objects are the so-called micro units of the socioeconomic system; the person, the family or the household. Microsimulation models use simulation techniques in order to study the behavior of micro level units in time.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pfq:journl:v:51:y:2006:i:3:p:353-368

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