Microsimulation CGE Modeling
Course objective:
The course will introduce all the fundamental tools for developing microsimulation models in GAMS and their linkages with CGE models.
By the end of the course the participants will have acquired detailed knowledge of and extensive hands-on experience in:
- Data preparation and matching of survey data
- Micro and macro data reconciliation:
- Balancing social accounting matrices and survey data using cross entropy distance
- Representative household approach in microsimulation
- Top down/bottom up approach in microsimulation
- Integrated approaches in microsimulation
- Sequential recalibration
- Building linkages with micro data sets
- Microsimulation and income distribution analysis
- Calibration of the integrated microsimulation model
- Implementation of the models in GAMS
- formulating scenarios and running policy simulations,
- reporting and interpreting the results.
Methodology:
The course uses a practical and very intensive approach to model building. The participants will actually build the model EcoMod step-by-step with guidance from the instructors: from small to large scale and from simple to complex structure. The participants will acquire extensive practical hands-on experience in building a complex, large-scale model. This will allow them to easily implement the first versionof their own model using the GAMS codes of EcoMod.