Spatial labor market frictions and economic convergence: policy implications from a heterogeneous agent model

Dawid H, Harting P, Neugart M (2013) Working Papers in Economics and Management; 09-2013.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

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Abstract
This paper studies the effectiveness of different types of cohesion policies with respect to convergence of regions. A two-region agentbased macroeconomic model is used to analyze short-, medium- and long-term effects of policies improving human capital and fostering adoption of technologies in lagging regions. With fully integrated labor markets the human capital policy positively affects the economically stronger region but reduces production in the targeted weaker region. Subsidies for high technology investment in the weaker region have a positive local output effect and a negative effect on the neighboring region, thereby fostering convergence. When labor markets are not integrated both policies support convergence.
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Dawid H, Harting P, Neugart M. Spatial labor market frictions and economic convergence: policy implications from a heterogeneous agent model. Working Papers in Economics and Management. Vol 09-2013. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2013.
Dawid, H., Harting, P., & Neugart, M. (2013). Spatial labor market frictions and economic convergence: policy implications from a heterogeneous agent model (Working Papers in Economics and Management, 09-2013). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2915398
Dawid, H., Harting, P., and Neugart, M. (2013). Spatial labor market frictions and economic convergence: policy implications from a heterogeneous agent model. Working Papers in Economics and Management, 09-2013, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Dawid, H., Harting, P., & Neugart, M., 2013. Spatial labor market frictions and economic convergence: policy implications from a heterogeneous agent model, Working Papers in Economics and Management, no.09-2013, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
H. Dawid, P. Harting, and M. Neugart, Spatial labor market frictions and economic convergence: policy implications from a heterogeneous agent model, Working Papers in Economics and Management, vol. 09-2013, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2013.
Dawid, H., Harting, P., Neugart, M.: Spatial labor market frictions and economic convergence: policy implications from a heterogeneous agent model. Working Papers in Economics and Management, 09-2013. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2013).
Dawid, Herbert, Harting, Philipp, and Neugart, M. Spatial labor market frictions and economic convergence: policy implications from a heterogeneous agent model. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2013. Working Papers in Economics and Management. 09-2013.
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