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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

Author

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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.

Suggested Citation

  • Marisa Cenci & Margherita Scarlato, 2003. "Innovazione tecnologica e offerta di skill: una simulazione del ruolo della storia e delle aspettative in unarea in via di sviluppo," Departmental Working Papers of Economics - University 'Roma Tre' 0035, Department of Economics - University Roma Tre.
    • Handle: RePEc:rtr:wpaper:0035
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    More about this item

    Keywords

    stochastic model; innovation; labor market frictions;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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