EconPapers    
Economics at your fingertips  
 

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

Herbert Dawid, Simon Gemkow, Philipp Harting, Kordian Kabus, Michael Neugart and Klaus Wersching

Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)

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.

Date: 2016
Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/57260/
References: Add references at CitEc
Citations: View citations in EconPapers (45)

Published in Jahrbücher für Nationalökonomie und Statistik / Journal of Economics and Statistics 2-3 (2016) : pp. 251-275

Downloads: (external link)
http://econpapers.repec.org/article/jnsjbstat/v_3a ... -3_3ap_3a251-275.htm
https://tuprints.ulb.tu-darmstadt.de/27509

Related works:
Working Paper: Skills, Innovation, and Growth: An Agent-Based Policy Analysis (2024) Downloads
Journal Article: Skills, Innovation, and Growth: An Agent-Based Policy Analysis (2008) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dar:wpaper:57260

Access Statistics for this paper

More papers in Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL) Contact information at EDIRC.
Bibliographic data for series maintained by Dekanatssekretariat (dekanat@wi.tu-darmstadt.de).

 
Page updated 2025-01-15
Handle: RePEc:dar:wpaper:57260