Linking a Dynamic CGE Model and a Microsimulation Model: Climate Change Mitigation Policies and Income Distribution in Australia
This paper extends the 'top-down' framework, introduced by Robilliard et al. (2001), to link a computable general equilibrium (CGE) model to a microsimulation model. The proposed approach allows the linking of a microsimulation model to a dynamic, and not simply a static, CGE model by enabling the microsimulation model to reproduce the predicted long-term changes in the base population. The approach relies on altering the sample weights in order to reproduce population projections and the changes in employment as estimated by the CGE model. A particular effort is made to discuss the limitations arising from the various assumptions made in both models as well as in the linking process. As an illustrative example, the approach is applied to assess the effects of climate-change mitigation policies in Australia from 2005 to 2030 at five-yearly intervals.
|Date of creation:||Mar 2009|
|Contact details of provider:|| Postal: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne, Victoria 3010 Australia|
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- Lixin Cai & John Creedy & Guyonne Kalb, 2004.
"Accounting for Population Ageing in Tax Microsimulation Modelling by Survey Reweighting,"
Melbourne Institute Working Paper Series
wp2004n26, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
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- Lixin Cai & John Creedy & Guyonne Kalb, 2005. "Accounting for Population Ageing in Tax Microsimulation Modelling by Survey Reweighting," Department of Economics - Working Papers Series 935, The University of Melbourne.
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- Philip D. Adams & Mark Horridge & Glyn Wittwer, 2003. "MMRF-GREEN: A Dynamic Multi-Regional Applied General Equilibrium Model of the Australian Economy, Based on the MMR and MONASH Models," Centre of Policy Studies/IMPACT Centre Working Papers g-140, Victoria University, Centre of Policy Studies/IMPACT Centre.
- Filho, Joaquim Bento de Souza Ferreira & Horridge, Mark, 2005. "The Doha Round, poverty, and regional inequality in Brazil," Policy Research Working Paper Series 3701, The World Bank.
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