The EUROMOD Preparatory Project examined a number of aspects of the technical feasibility of constructing a Europe-wide tax-benefit model. This paper reports on the issues relating to incorporating behavioural response into the model. It explores the problems and prospects of modelling changes...

Aggregated data are used to investigate participation in education and training, and it is found that it is appropriate to model the aggregate participation rates using a sequential choice model, whereby training choices are made ex-post by school-leavers. Both investment- side and...

The use of residuals from the structural equations in a simultaneous-equations model can lead to misleading measures of association and to invalid diagnostic statistics for heteroscedasticity and functional form misspecifications. The issue of appropriate measures of goodness-of-fit for IV...

This paper describes and assesses a proposal put forward by the Dutch Department of Economic Affairs in July 1996 for structural reform of the electricity industry. First, the reasons for the reform are described. Second, the reform proposal itself is described. Its main features are the...