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A survey of dynamic microsimulation models: uses, model structure and methodology

Author

Listed:
  • Jinjing Li

    (Maastricht University / UNU-MERIT, Keizer Karelplein 19, Maastricht, the Netherlands)

  • Cathal O'Donoghue

    (Rural Economy and Development Programme, Teagasc, Teagasc Rural Economy Research Centre, Athenry, Co. Galway, Ireland;)

Abstract

More than 10 years ago ODonoghue (2001a) surveyed the dynamic microsimulation models that had been developed up to that point. However many of the barriers mentioned have been gradually overcome in the last decade . This paper surveys the development and practices in dynamic microsimulation over the past decade, and discusses the methodological challenges today. It provides an overview of the methodological choices made in more than 60 known dynamic microsimulation models and examines the advantages and disadvantages of different practices. In addition, this paper reviews the main progress made in the field and explores how future microsimulation models could evolve potentially.

Suggested Citation

  • Jinjing Li & Cathal O'Donoghue, 2013. "A survey of dynamic microsimulation models: uses, model structure and methodology," International Journal of Microsimulation, International Microsimulation Association, vol. 6(2), pages 3-55.
    • Handle: RePEc:ijm:journl:v:6:y:2013:i:2:p:3-55
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    More about this item

    Keywords

    Dynamic microsimulation; survey; Literature review;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling

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