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Use of microsimulation models for political decesion making

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  • Belyó, Pál
  • Molnár, István

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.

Suggested Citation

  • Belyó, Pál & Molnár, István, 2006. "Use of microsimulation models for political decesion making," Public Finance Quarterly, Corvinus University of Budapest, vol. 51(3), pages 353-368.
    • Handle: RePEc:pfq:journl:v:51:y:2006:i:3:p:353-368
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