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Microsimulation for Local Impact Analysis: an Application to Plant Shutdown

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  • Terance J. Rephann
  • Kalle Mäkilä
  • Einar Holm

Abstract

. Microsimulation was introduced nearly 50 years ago but has recently experienced a revival in the social sciences. Its use in regional science, however, has been limited, although it offers some advantages over common regional analytic methods. This paper describes a microsimulation model that can be used to analyze the impact of a regional economic event. The model incorporates spatial, social, and economic factors and allows outcomes to be aggregated at different geographical scales, for different cohorts, and for variables not ordinarily considered in impact analysis. The model is used to simulate the effects of a plant shutdown on workers.

Suggested Citation

  • Terance J. Rephann & Kalle Mäkilä & Einar Holm, 2005. "Microsimulation for Local Impact Analysis: an Application to Plant Shutdown," Journal of Regional Science, Wiley Blackwell, vol. 45(1), pages 183-222, February.
    • Handle: RePEc:bla:jregsc:v:45:y:2005:i:1:p:183-222
    DOI: 10.1111/j.0022-4146.2005.00368.x
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    References listed on IDEAS

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    1. N. Anders Klevmarken, 1997. "Behavioral Modeling in Micro Simulation Models. A Survey," Working Paper Series 1997:31, Uppsala University, Department of Economics.
    2. Shields, Michael A. & Wheatley Price, Stephen, 2001. "Exploring the Economic and Social Determinants of Psychological and Psychosocial Health," IZA Discussion Papers 396, Institute of Labor Economics (IZA).
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    Cited by:

    1. Low, Sarah A., 2017. "Rural Manufacturing Resilience: Factors Associated With Plant Survival, 1996-2011," Economic Research Report 262184, United States Department of Agriculture, Economic Research Service.
    2. Malcolm Campbell & Dimitris Ballas, 2013. "A spatial microsimulation approach to economic policy analysis in Scotland," Regional Science Policy & Practice, Wiley Blackwell, vol. 5(3), pages 263-288, August.
    3. Cathal O'Donoghue & Karyn Morrissey & John Lennon, 2014. "Spatial Microsimulation Modelling: a Review of Applications and Methodological Choices," International Journal of Microsimulation, International Microsimulation Association, vol. 7(1), pages 26-75.
    4. Niall Farrell & Cathal O'Donoghue & Karyn Morrissey, 2020. "Regional income and wave energy deployment in Ireland," Papers in Regional Science, Wiley Blackwell, vol. 99(3), pages 509-531, June.

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