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Microsimulation Modelling of the Corporate Firm

Exploring Micro-Macro Economic Relations

  • Book
  • © 1995

Overview

Authors:
  1. Frank W. Tongeren

    1. Faculty of Economics, Erasmus University, Rotterdam, The Netherlands

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 427)

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Table of contents (10 chapters)

  1. Front Matter

    Pages iii-xvii
    Download chapter PDF

  2. Introduction

    • Frank W. van Tongeren
    Pages 1-9

  3. The firm in models of the economy

    • Frank W. van Tongeren
    Pages 10-45

  4. A model of routine decisions and realized outcomes

    • Frank W. van Tongeren
    Pages 46-70

  5. A model of investment decisions

    • Frank W. van Tongeren
    Pages 71-84

  6. How the combined model works

    • Frank W. van Tongeren
    Pages 85-100

  7. Model application

    • Frank W. van Tongeren
    Pages 101-166

  8. From micro to macro and back: Simulating the impact of changing sales expectations

    • Frank W. van Tongeren
    Pages 167-178

  9. From macro to micro and back: Simulation of the impact of investment subsidy policies

    • Frank W. van Tongeren
    Pages 179-194

  10. Simulation of structural changes at the sector level

    • Frank W. van Tongeren
    Pages 195-206

  11. Summary and appraisal

    • Frank W. van Tongeren
    Pages 207-213

  12. Back Matter

    Pages 215-278
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Keywords

About this book

My interest in microsimulation started to develop when I was exposed to the works of Guy Orcutt and his associates on microsimulation of households in the USA, and those of Gunnar Eliasson and his associates on simulatio~ of Swedish firms. Their approaches promised the exciting possibility to represent an by simulating the behaviour of individual microeconomic entire economic system units on a computer. The construction of a large scale microsimulation model seemed to be a worthwhile adventure which could yield much more detailed results than existing models. It was also evident that microsimulation of firms is a relatively underdeveloped area, in spite of the large number of operational microsimulation models of households in the USA and Europe. Developing the computer implementation has been an integral part of the research. Translating initially vague ideas into mathematical formulae and subsequently into a structured computer language provides a testing ground for 10Bical consistency of ideas. When writing this book I have purposefully abstained from describing the computer program and dedicated solution algorithms. The reason is that the book is primarily directed towards readers interested in economics and therefore uses the language of economics and not that of computer science. The simulation model has been programmed for the personal computer in Turbo Pascal. Sophisticated memory management techniques have lifted constraints on the number of firms which can be simulated on the PC.

Authors and Affiliations

  • Faculty of Economics, Erasmus University, Rotterdam, The Netherlands

    Frank W. Tongeren

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