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Innovazione tecnologica e offerta di skills:una simulazione

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Author Info

  • M. Scarlato

    (University od Naples "Federico II")

  • M. Cenci

    (University of Rome 3)

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 developing 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 to parameters changes due to policy/institutional reforms that change the expectations of the economic agents.

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File URL: http://128.118.178.162/eps/comp/papers/0401/0401003.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Computational Economics with number 0401003.

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Length: 37 pages
Date of creation: 29 Jan 2004
Date of revision:
Handle: RePEc:wpa:wuwpco:0401003

Note: Type of Document - pdf; prepared on Win98; to print on hp Laserjet 1300; pages: 37; figures: 10. 37 pages, 10 figures, pdf
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Web page: http://128.118.178.162

Related research

Keywords: labor market frictions; matching process; simulation;

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References

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  1. Michael C. Burda & Mark Weder, 2002. "Complementarity of Labor Market Institutions, Equilibrium Unemployment and the Propagation of Business Cycles," German Economic Review, Verein für Socialpolitik, vol. 3(1), pages 1-24, 02.
  2. Andrea Bassanini & Stefano Scarpetta, 2001. "Does Human Capital Matter for Growth in OECD Countries?: Evidence from Pooled Mean-Group Estimates," OECD Economics Department Working Papers 282, OECD Publishing.
  3. Diamond, Peter A, 1982. "Aggregate Demand Management in Search Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 90(5), pages 881-94, October.
  4. Jonathan Temple, 2001. "Growth effects of education and social capital in the OECD countries," OECD Economic Studies, OECD Publishing, vol. 2001(2), pages 57-101.
  5. Garibaldi, Pietro & Wasmer, Etienne, 2001. "Labor Market Flows and Equilibrium Search Unemployment," IZA Discussion Papers 406, Institute for the Study of Labor (IZA).
  6. Bryan Graham & Jonathan Temple, 2006. "Rich Nations, Poor Nations: How Much Can Multiple Equilibria Explain?," Journal of Economic Growth, Springer, vol. 11(1), pages 5-41, 03.
  7. Bassanini, Andrea & Scarpetta, Stefano, 2002. "Does human capital matter for growth in OECD countries? A pooled mean-group approach," Economics Letters, Elsevier, vol. 74(3), pages 399-405, February.
  8. Barbara Petrongolo & Christopher A. Pissarides, 2000. "Looking Into the Black Box: A Survey of the Matching Function," CEP Discussion Papers dp0470, Centre for Economic Performance, LSE.
  9. Blanchard, O.J. & Diamond, P., 1990. "Ranking, Unemployment Duration, And Wages," Working papers 546, Massachusetts Institute of Technology (MIT), Department of Economics.
  10. Orszag, Mike & Snower, Dennis J., 1999. "Anatomy of Policy Complementarities," IZA Discussion Papers 41, Institute for the Study of Labor (IZA).
  11. Merz, Monika & Yashiv, Eran, 2004. "Labour and the Market Value of the Firm," CEPR Discussion Papers 4184, C.E.P.R. Discussion Papers.
  12. Mortensen, Dale T, 1989. " The Persistence and Indeterminancy of Unemployment in Search Equilibrium," Scandinavian Journal of Economics, Wiley Blackwell, vol. 91(2), pages 347-70.
  13. F Green & Steven McIntosh & Anna Vignoles, 1999. "Overeducation and Skills - Clarifying the Concepts," CEP Discussion Papers dp0435, Centre for Economic Performance, LSE.
  14. Shi, Shouyong, 2001. "Frictional Assignment. I. Efficiency," Journal of Economic Theory, Elsevier, vol. 98(2), pages 232-260, June.
  15. Mortensen, Dale T, 1999. "Equilibrium Unemployment Dynamics," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 889-914, November.
  16. Temple, Jonathan R. W., 2001. "Generalizations that aren't? Evidence on education and growth," European Economic Review, Elsevier, vol. 45(4-6), pages 905-918, May.
  17. Viviano Eliana, 2003. "Un'analisi critica delle definizioni di disoccupazione e partecipazione in Italia," Politica economica, Società editrice il Mulino, issue 1, pages 161.
  18. Kiminori Matsuyama, 1997. "Complementarity," Discussion Papers 1183, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  19. repec:wop:humbsf:2001-49 is not listed on IDEAS
  20. Timothy F. Harris & Yannis M. Ioannides, 2000. "History versus Expectations: an Empirical Investigation," Discussion Papers Series, Department of Economics, Tufts University 0014, Department of Economics, Tufts University.
  21. Krugman, Paul, 1991. "History versus Expectations," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 651-67, May.
  22. Cathal O'Donoghue, 2001. "Dynamic Microsimulation: A Methodological Survey," Brazilian Electronic Journal of Economics, Department of Economics, Universidade Federal de Pernambuco, vol. 4(2), December.
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