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
Article, Bibliographie
This is the latest version of this item.
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.
| Item Type: | Article |
|---|---|
| Erschienen: | 2016 |
| Creators: | Dawid, Herbert ; Gemkow, Simon ; Harting, Philipp ; Kabus, Kordian ; Neugart, Michael ; Wersching, Klaus |
| Type of entry: | Bibliographie |
| Title: | Skills, innovation, and growth: an agent-based policy analysis |
| Language: | English |
| Date: | 2016 |
| Place of Publication: | Oldenbourg |
| Publisher: | De Gruyter |
| Journal or Publication Title: | Jahrbücher für Nationalökonomie und Statistik / Journal of Economics and Statistics |
| Volume of the journal: | 228 |
| Issue Number: | 2-3 |
| DOI: | 10.1515/jbnst-2008-2-307 |
| URL / URN: | http://econpapers.repec.org/article/jnsjbstat/v_3a228_3ay_3a... |
| Corresponding Links: | |
| 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. |
| Uncontrolled Keywords: | Agent-based model, skills, innovation, regional policy |
| Additional Information: | Erschienen im Druck: 2008-4-1 |
| Divisions: | 01 Department of Law and Economics 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Fachgebiet Finanzwissenschaft und Wirtschaftspolitik |
| Date Deposited: | 27 Mar 2012 12:42 |
| Last Modified: | 18 Jul 2024 09:46 |
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| Suche nach Titel in: | TUfind oder in Google |
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Skills, Innovation, and Growth: An Agent-Based Policy Analysis. (deposited 01 Jul 2024 13:08)
- Skills, innovation, and growth: an agent-based policy analysis. (deposited 27 Mar 2012 12:42) [Currently Displayed]
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