Harrigan, F. and McGregor, P.G. and Swales, J.K. and Dourmashkin, N. (1992) Imperfect competition in regional labor-markets - a computable general equilibrium-analysis. Environment and Planning A, 24 (10). pp. 1463-1481. ISSN 0308-518XFull text not available in this repository. (Request a copy from the Strathclyde author)
The system-wide impacts of imperfect competition in the regional labour market are examined by means of a macro - micro simulation model (AMOS) parameterised on Scottish data. A number of theories of the operation of the regional labour market are reviewed and it is indicated how these can be operationalised within AMOS through the adoption of different labour-market closures. Two sets of simulations are performed. The first involves nominal and real wage shocks to the regional economy. In the second, a demand disturbance is introduced under various labour-market closures. The sensitivity of the results to assumptions concerning the openness of the regional economy and the flexibility of the production technology is also discussed.
|Keywords:||imperfect competition, general equilibrium-analysis, macro -micro simulation model, AMOS, Economic Theory, Environmental Science (miscellaneous), Geography, Planning and Development|
|Subjects:||Social Sciences > Economic Theory|
|Department:||Strathclyde Business School > Economics|
|Depositing user:||Strathprints Administrator|
|Date Deposited:||28 Apr 2010 13:46|
|Last modified:||22 Mar 2017 10:31|