Building and Linking a Microsimulation Model to a CGE Model for South Africa

South African Journal of Economics Vol. 74, No. 1, March 2006

Posted: 4 Dec 2007

See all articles by Nicolas Herault

Nicolas Herault

University of Melbourne - Melbourne Institute: Applied Economic & Social Research

Abstract

This paper examines the microeconomic effects of macroeconomic policies or shocks in South Africa. In particular, the paper considers the effects of macroeconomic policies on poverty and inequality by building and linking a microsimulation (MS) model to a Computable General Equilibrium (CGE) model. In the South African context, where poverty and inequality are at high levels, this novel approach enables us to identify the winners and losers of any policy change, so that the impact on poverty and inequality can be assessed in detail.

Keywords: Computable General Equilibrium model, microsimulation, income distribution, poverty, South Africa

JEL Classification: D33, D58, I32, O55

Suggested Citation

Herault, Nicolas, Building and Linking a Microsimulation Model to a CGE Model for South Africa. South African Journal of Economics Vol. 74, No. 1, March 2006, Available at SSRN: https://ssrn.com/abstract=1051561

Nicolas Herault (Contact Author)

University of Melbourne - Melbourne Institute: Applied Economic & Social Research ( email )

Level 5, FBE Building, 111 Barry Street
Parkville, Victoria 3010
Australia

HOME PAGE: http://www.findanexpert.unimelb.edu.au/researcher/person125238.html

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