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Skills, innovation, and growth: an agent-based policy analysis

Dawid, Herbert ; Gemkow, Simon ; Harting, Philipp ; Kabus, Kordian ; Neugart, Michael ; Wersching, Klaus (2016)
Skills, innovation, and growth: an agent-based policy analysis.
In: Jahrbücher für Nationalökonomie und Statistik / Journal of Economics and Statistics, 228 (2-3)
doi: 10.1515/jbnst-2008-2-307
Artikel, Bibliographie

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Kurzbeschreibung (Abstract)

We develop an agent-based macroeconomic model featuring a distinct geographical dimension and heterogeneous workers with respect to skill types. The model, which will become part of a larger simulation platform for European policymaking (EURACE), allows us to conduct exante evaluations of a wide range of public policy measures and their interaction. In particular, we study the growth and labor market effects of various policy types that promote workers’ general skill levels. Using a calibrated model it is examined in how far effects differ if spending is uniformly spread over all regions in the economy or focused in one particular region.We find that the geographic distribution of policy measures significantly affects the effects of the policy even if total spending is kept constant. Focussing training efforts in one region is the worst policy outcome while spreading funds equally across regions generates a larger output in the long-run but not in the short-run.

Typ des Eintrags: Artikel
Erschienen: 2016
Autor(en): Dawid, Herbert ; Gemkow, Simon ; Harting, Philipp ; Kabus, Kordian ; Neugart, Michael ; Wersching, Klaus
Art des Eintrags: Bibliographie
Titel: Skills, innovation, and growth: an agent-based policy analysis
Sprache: Englisch
Publikationsjahr: 2016
Ort: Oldenbourg
Verlag: De Gruyter
Titel der Zeitschrift, Zeitung oder Schriftenreihe: Jahrbücher für Nationalökonomie und Statistik / Journal of Economics and Statistics
Jahrgang/Volume einer Zeitschrift: 228
(Heft-)Nummer: 2-3
DOI: 10.1515/jbnst-2008-2-307
URL / URN: http://econpapers.repec.org/article/jnsjbstat/v_3a228_3ay_3a...
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Kurzbeschreibung (Abstract):

We develop an agent-based macroeconomic model featuring a distinct geographical dimension and heterogeneous workers with respect to skill types. The model, which will become part of a larger simulation platform for European policymaking (EURACE), allows us to conduct exante evaluations of a wide range of public policy measures and their interaction. In particular, we study the growth and labor market effects of various policy types that promote workers’ general skill levels. Using a calibrated model it is examined in how far effects differ if spending is uniformly spread over all regions in the economy or focused in one particular region.We find that the geographic distribution of policy measures significantly affects the effects of the policy even if total spending is kept constant. Focussing training efforts in one region is the worst policy outcome while spreading funds equally across regions generates a larger output in the long-run but not in the short-run.

Freie Schlagworte: Agent-based model, skills, innovation, regional policy
Zusätzliche Informationen:

Erschienen im Druck: 2008-4-1

Fachbereich(e)/-gebiet(e): 01 Fachbereich Rechts- und Wirtschaftswissenschaften
01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete
01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Finanzwissenschaft und Wirtschaftspolitik
Hinterlegungsdatum: 27 Mär 2012 12:42
Letzte Änderung: 18 Jul 2024 09:46
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