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, unemployment) emerges out of the decentralized interactions of heterogenous firms and workers. Building upon the model in Dosi et … findings that rigid industrial relations may foster hysteretic behaviour in aggregate unemployment. On the contrary, in line … entry dynamics are better candidates to explain long-run unemployment spells and lower output growth. In that, more rigid …
Persistent link: https://www.econbiz.de/10012113688
search, and at providing training to unemployed people. Next, we compare the effects of these policies with unemployment … benefits simply meant to sustain income and therefore aggregate demand. Considering the burden of unemployment benefits in … ALMPs in reducing unemployment and workers' skills deterioration; and (iv) demand-management policies are better suited to …
Persistent link: https://www.econbiz.de/10012130265
Drawing on the labour-augmented K+S agent-based model, this paper develops a two-country North-South ABM wherein the leader and the laggard country interact through the international trade of capital goods. The model aims to address sources of asymmetries and possible converge patterns between...
Persistent link: https://www.econbiz.de/10014285556
How to conceive industrial policies as development instruments distinct from trade or fiscal-deduction interventions? How can we model and study the role of state-owned enterprises (SOEs) as agents of industrial policy? How can we model their main attributes and architectures? Drawing on the...
Persistent link: https://www.econbiz.de/10015072137