Microsimulation Models. An Integrated Approach with Real Data

Francesco Marchionne ()

No 296, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: Due to the increasing the calculus power of computers, a growing number of economic phenomena are being studied through microsimulation. However, this methodology is not updated, and the basic structure of these models is till tied to outdated technologies where economic hypothesis was used to simplify computational complexity as the calculus power of computers was not strong enough. In this paper, I suggest an innovative approach to the microsimulation. From a theoretical point of view, it should be more efficient than the traditional approach. The paper is divided in three section. In the first section, I explain this innovative approach and show its operating differences respect to the traditional approach. In the second section, I explore the difficulties of its concrete implementation through a case study and recommend some technical solutions in order to overcome them. In the last section, I summarize the main results.

Pages: 27
Date: 2007-08
New Economics Papers: this item is included in nep-cmp
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:296

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