Potentials and prospects for micro-macro modelling in regional science

van Leeuwen, E., Clarke, G., Hermannsson, K. and Swales, K. (2017) Potentials and prospects for micro-macro modelling in regional science. In: Jackson, R. and Schaeffer, P. (eds.) Regional Research Frontiers. Springer, pp. 105-123. ISBN 9783319505893 (doi: 10.1007/978-3-319-50590-9_6)

Full text not currently available from Enlighten.

Abstract

There has been much progress in regional science with the development and application of both multi-sectoral macro-economic models and microsimulation models of household attributes. Yet, to date, there have been few, if any, major projects to link both models within a regional economic system. The aim of this chapter is to put forward a number of benefits of model linkage. Using the case study of the Western Isles in Scotland, U.K., we show the benefits of linking both model types through investigating the impact of an injection of new jobs into the economy. By linking households to jobs, we are able to not only model the impact of new jobs on other industrial sectors through the Western Isles input-output (IO) model but also on individual households and their attributes using the Western Isles microsimulation model (MSM).

Item Type:Book Sections
Keywords:Microsimulation, Input-Output, Local economy, Western Isles, renewables, jobs, households.
Status:Published
Glasgow Author(s) Enlighten ID:Hermannsson, Dr Kristinn
Authors: van Leeuwen, E., Clarke, G., Hermannsson, K., and Swales, K.
Subjects:H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
College/School:College of Social Sciences > School of Education
College of Social Sciences > School of Education > Educational Leadership & Policy
Publisher:Springer
ISBN:9783319505893

University Staff: Request a correction | Enlighten Editors: Update this record