Innovazione tecnologica e offerta di skills:una simulazione

Margherita Scarlato () and M. Cenci
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M. Cenci: University of Rome 3

Computational Economics from EconWPA

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.

Keywords: labor market frictions; matching process; simulation (search for similar items in EconPapers)
JEL-codes: D83 E27 J64 (search for similar items in EconPapers)
Date: 2004-01-29
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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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpco:0401003

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