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Does the microsimulation approach used in macro–micro modelling matter? An application to the distributional effects of capital outflows during Argentina's Currency Board regime

Darío Debowicz, Dario Debowicz Orcid Logo

Economic Modelling, Volume: 54, Pages: 591 - 599

Swansea University Author: Dario Debowicz Orcid Logo

DOI (Published version): 10.1016/j.econmod.2016.01.018

Abstract

We provide a novel comparison between the behavioural and the non-parametric microsimulation approach. Coupled with a CGE model, we consider the distributional effects of the significant capital outflows faced by the Argentinean economy at the end of its Currency Board, in a context with significant...

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Published in: Economic Modelling
Published: 2016
URI: https://cronfa.swan.ac.uk/Record/cronfa26426
first_indexed 2016-02-19T05:30:01Z
last_indexed 2018-02-09T05:08:25Z
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spelling 2017-09-11T11:26:32.8194850 v2 26426 2016-02-18 Does the microsimulation approach used in macro–micro modelling matter? An application to the distributional effects of capital outflows during Argentina's Currency Board regime 18768254a7b135c91af92568d0499ded 0000-0003-0944-3097 Dario Debowicz Dario Debowicz true false 2016-02-18 SOSS We provide a novel comparison between the behavioural and the non-parametric microsimulation approach. Coupled with a CGE model, we consider the distributional effects of the significant capital outflows faced by the Argentinean economy at the end of its Currency Board, in a context with significant macroeconomic similarities to the present crisis in Greece. Both the relatively straightforward ‘non-parametric’ approach and the more complex behavioural approach lead to distributional results that are consistent with the data, suggesting that both are viable alternatives. Looking forward, it would be desirable for researchers to look for additional evidence regarding the distributional effects that these microsimulation models can illuminate for given macroeconomic shocks. Journal Article Economic Modelling 54 591 599 Economic modelling, macro-micro modelling, CGE, microsimulations, income distribution, Argentina 30 4 2016 2016-04-30 10.1016/j.econmod.2016.01.018 COLLEGE NANME Social Sciences School COLLEGE CODE SOSS Swansea University 2017-09-11T11:26:32.8194850 2016-02-18T14:23:21.6377444 Faculty of Humanities and Social Sciences School of Management - Economics Darío Debowicz 1 Dario Debowicz 0000-0003-0944-3097 2 0026426-18022016165004.tif Figure_1v2.tif 2016-02-18T16:50:04.4000000 Output 42112 image/tiff Accepted Manuscript true 2017-02-27T00:00:00.0000000 Figure 1 true 0026426-18022016165015.tif Figure_2v2.tif 2016-02-18T16:50:15.5070000 Output 57582 image/tiff Accepted Manuscript true 2017-02-27T00:00:00.0000000 Figure 2 true 0026426-18022016165026.pptx Figure_3v2.pptx 2016-02-18T16:50:26.5830000 Output 51942 application/vnd.openxmlformats-officedocument.presentationml.presentation Accepted Manuscript true 2017-02-27T00:00:00.0000000 Figure 3 true 0026426-18022016165045.tif Figure_4v2.tif 2016-02-18T16:50:45.6300000 Output 39780 image/tiff Accepted Manuscript true 2017-02-27T00:00:00.0000000 Figure 4 true 0026426-18022016165056.eps Figure_5v2.eps 2016-02-18T16:50:56.5030000 Output 22971 application/postscript Accepted Manuscript true 2017-02-27T00:00:00.0000000 Figure 5 true 0026426-18022016165105.eps Figure_6v2.eps 2016-02-18T16:51:05.8500000 Output 17828 application/postscript Accepted Manuscript true 2017-02-27T00:00:00.0000000 Figure 6 true 0026426-18022016165116.eps Figure_7v2.eps 2016-02-18T16:51:16.3800000 Output 17979 application/postscript Accepted Manuscript true 2017-02-27T00:00:00.0000000 Figure 7 true 0026426-17082017105917.pdf Macro-micro_modelingv2.pdf 2017-08-17T10:59:17.5930000 Output 732595 application/pdf Accepted Manuscript true 2017-08-17T00:00:00.0000000 true eng
title Does the microsimulation approach used in macro–micro modelling matter? An application to the distributional effects of capital outflows during Argentina's Currency Board regime
spellingShingle Does the microsimulation approach used in macro–micro modelling matter? An application to the distributional effects of capital outflows during Argentina's Currency Board regime
Dario Debowicz
title_short Does the microsimulation approach used in macro–micro modelling matter? An application to the distributional effects of capital outflows during Argentina's Currency Board regime
title_full Does the microsimulation approach used in macro–micro modelling matter? An application to the distributional effects of capital outflows during Argentina's Currency Board regime
title_fullStr Does the microsimulation approach used in macro–micro modelling matter? An application to the distributional effects of capital outflows during Argentina's Currency Board regime
title_full_unstemmed Does the microsimulation approach used in macro–micro modelling matter? An application to the distributional effects of capital outflows during Argentina's Currency Board regime
title_sort Does the microsimulation approach used in macro–micro modelling matter? An application to the distributional effects of capital outflows during Argentina's Currency Board regime
author_id_str_mv 18768254a7b135c91af92568d0499ded
author_id_fullname_str_mv 18768254a7b135c91af92568d0499ded_***_Dario Debowicz
author Dario Debowicz
author2 Darío Debowicz
Dario Debowicz
format Journal article
container_title Economic Modelling
container_volume 54
container_start_page 591
publishDate 2016
institution Swansea University
doi_str_mv 10.1016/j.econmod.2016.01.018
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Economics{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Economics
document_store_str 1
active_str 0
description We provide a novel comparison between the behavioural and the non-parametric microsimulation approach. Coupled with a CGE model, we consider the distributional effects of the significant capital outflows faced by the Argentinean economy at the end of its Currency Board, in a context with significant macroeconomic similarities to the present crisis in Greece. Both the relatively straightforward ‘non-parametric’ approach and the more complex behavioural approach lead to distributional results that are consistent with the data, suggesting that both are viable alternatives. Looking forward, it would be desirable for researchers to look for additional evidence regarding the distributional effects that these microsimulation models can illuminate for given macroeconomic shocks.
published_date 2016-04-30T06:52:33Z
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score 10.969525

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