Microsimulation Modelling of the Corporate Firm: Exploring Micro-Macro Economic Relations

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This work treats the modelling of individual corporate firms within an economy-wide framework. Microsimulation is used to bridge the gap between partial theories of firm behaviour and economy-wide modelling. The text offers practical guidelines for the construction and application of such micro-macro models. The microsimulation approach is applied to Dutch firms and the Dutch economy. Simulation studies are conducted to study the relationship between corporate firm and the economy, which yields insights for the design of industrial policies.