Innovazione tecnologica e offerta di skill: una simulazione del ruolo della storia e delle aspettative in unarea in via di sviluppo

Marisa Cenci () and Margherita Scarlato

No 35, Departmental Working Papers of Economics - University 'Roma Tre' from Department of Economics - University Roma Tre

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 developong 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 yo parameters changes due to policy/institutional reforms that change the expectations of the economic agents.

Keywords: stochastic model; innovation; labor market frictions (search for similar items in EconPapers)
JEL-codes: D83 E27 J64 (search for similar items in EconPapers)
Pages: 36
Date: 2003-02
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