Microsimulation, CGE and Macro Modelling for Transition and Developing Economies

James Davies

No DP2004-08, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: 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.

Keywords: Economic development; Econometric models (Economic development); Economic equilibrium; Income distribution (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (60)

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