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Modelling Migration and Regional Labour Markets: an Application of the New Economic Geography Model RHOMOLO

Damiaan Persyn, Andries Brandsma () and d'Artis Kancs
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Andries Brandsma: European Commission, DG Joint Research Centre, IPTS, Postal: E-41092 Seville, Spain

Journal of Economic Integration, 2014, vol. 29, 372-407

Abstract: This paper describes the dynamic spatial general equilibrium model, Regional Holistic MOdeL(RHOMOLO), developed by the European Commission, where the labour market equilibrium is determined by firms’ labour demand, unemployment and interregional labour migration. We carry out simulations on the effects of transportation costs on regional labour markets. Our results confirm that wages and unemployment are by far the most important channels of labour market adjustment in the EU. In contrast, labour migration is found to play a secondary role. Also, the complexity and spatially inter-dependent relationship among market access, labour demand, and labour supply is found. It underlines the significance of dynamic spatial general equilibrium approach.

Keywords: Labour Migration; Unemployment; Wage; New Economic Geography; Dynamic Spatial General Equilibrium Model (search for similar items in EconPapers)
JEL-codes: C68 D58 F22 J20 J61 J64 O15 (search for similar items in EconPapers)
Date: 2014
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Related works:
Working Paper: Modelling Migration and Regional Labour Markets: An Application of the New Economic Geography Model RHOMOLO (2013) Downloads
Working Paper: Modelling Migration and Regional Labour Markets: An Application of the New Economic Geography Model RHOMOLO (2013) Downloads
Working Paper: Modelling Migration and Regional Labour Markets: An Application of the New Economic Geography Model RHOMOLO (2013) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0633

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