TY  - GEN
AB  - 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.
DA  - 2013
DO  - 10.4119/unibi/2915398
KW  - cohesion policies
KW  - technology adoption
KW  - skill complementarity
KW  - agent-based model
KW  - regional economics
LA  - eng
PY  - 2013
SN  - 2196-2723
SP  - 44-
TI  - Spatial labor market frictions and economic convergence: policy implications from a heterogeneous agent model
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29153983
Y2  - 2024-11-22T01:16:47
ER  -