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Innovazione tecnologica e offerta di skill: una simulazione del ruolo della storia e delle aspettative in unarea in via di sviluppo

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  • Marisa Cenci

    ()

  • Margherita Scarlato

Abstract

In this paper a dynamic stochastic model is used to simulate the matching process between skills demand and supply in a segmented labor market of a typical developong area where labor market frictions are pervasive. We address the issue of the emergence of a "bad" outcome i.e. equilibrium towards the low level of development, given adverse initial conditions. In a second step we discuss the sensitivity of the endogenous dynamics yo parameters changes due to policy/institutional reforms that change the expectations of the economic agents.

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File URL: http://dipeco.uniroma3.it/public/WP%2035%20Cenci%20Scarlato%202003.pdf
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Bibliographic Info

Paper provided by Department of Economics - University Roma Tre in its series Departmental Working Papers of Economics - University 'Roma Tre' with number 0035.

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Length: 36
Date of creation: Feb 2003
Date of revision:
Handle: RePEc:rtr:wpaper:0035

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Keywords: stochastic model; innovation; labor market frictions;

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