TY  - GEN
AB  - Regions within the European Union differ substantially not only with respect to per capita GDP, but also with respect to income inequality within the regions. This paper studies the effects of different types of technology-oriented cohesion policies, aiming at the reduction
of regional differences, on the convergence of regions and the dynamics of income inequality within regions. In particular, policies are analyzed using a two-region agent-based macroeconomic model – theEurace@Unibi model – where firms in the lagging region receive subsidies
for investment in physical capital. It is demonstrated that the short-, medium- and long-term effects of the policies on per-capita output and between as well as within regional inequality differ substantially
depending on how successful the policy is in incentivizing
firms to choose best available capital vintages and on how flexible labor markets are in the targeted region.
DA  - 2014
KW  - Eurace@Unibi model
KW  - cohesion policies
KW  - inequality
KW  - technology adoption
KW  - agent-based modelling
KW  - etace_agent_based_modelling
LA  - eng
PY  - 2014
SN  - 2193-9624
TI  - Cohesion Policy and Inequality Dynamics: Insights from a Heterogeneous Agents Macroeconomic Model
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-27091148
Y2  - 2024-11-24T16:44:18
ER  -