The ZEW combined microsimulation-CGE model : innovative tool for applied policy analysis


Clauss, Markus ; Schubert, Stefanie


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URL: http://ub-madoc.bib.uni-mannheim.de/2499
URN: urn:nbn:de:bsz:180-madoc-24996
Document Type: Working paper
Year of publication: 2009
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: J23 J22 D58 C81 C68 ,
Subject headings (SWD): Mikrosimulation , Wirtschaftspolitik , Wirkungsanalyse , Theorie
Keywords (English): microsimulation , applied CGE analysis , linked micro-macro models
Abstract: This contribution describes the linkage of microsimulation models and computable general equilibrium (CGE) models using two already established models called “STSM” and “PACE-L” used by the Centre for European Economic Research. This state of the art research method for applied policy analysis combines the advantages of both model types: On the one hand, microsimulation models allow for detailed labor supply and distributional effects due to policy measures, as individual household data is used. On the other hand, by using a general equilibrium framework, labour market responses, such as wage and labour demand reactions are taken into account.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Clauss, Markus ; Schubert, Stefanie (2009) The ZEW combined microsimulation-CGE model : innovative tool for applied policy analysis. Open Access [Working paper]
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