Imperfect competition in regional labor-markets - a computable general equilibrium-analysis

F. Harrigan, P.G. McGregor, J.K. Swales, N. Dourmashkin

Research output: Contribution to journal › Article

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Abstract

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.
Original languageEnglish
Pages (from-to)1463-1481
Number of pages18
JournalEnvironment and Planning A
Volume24
Issue number10
DOIs
Publication statusPublished - Oct 1992

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regional labor market
computable general equilibrium analysis
regional economy
simulation model
labor market
nominal wage
real wages
flexibility
simulation
demand
wage
disturbance

Keywords

  • imperfect competition
  • general equilibrium-analysis
  • macro -micro simulation model
  • AMOS

Cite this

Harrigan, F. ; McGregor, P.G. ; Swales, J.K. ; Dourmashkin, N. / Imperfect competition in regional labor-markets - a computable general equilibrium-analysis. In: Environment and Planning A. 1992 ; Vol. 24, No. 10. pp. 1463-1481.
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Harrigan, F, McGregor, PG, Swales, JK & Dourmashkin, N 1992, 'Imperfect competition in regional labor-markets - a computable general equilibrium-analysis', Environment and Planning A, vol. 24, no. 10, pp. 1463-1481. https://doi.org/10.1068/a241463

Imperfect competition in regional labor-markets - a computable general equilibrium-analysis. / Harrigan, F.; McGregor, P.G.; Swales, J.K.; Dourmashkin, N.

In: Environment and Planning A, Vol. 24, No. 10, 10.1992, p. 1463-1481.

Research output: Contribution to journal › Article

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Harrigan F, McGregor PG, Swales JK, Dourmashkin N. Imperfect competition in regional labor-markets - a computable general equilibrium-analysis. Environment and Planning A. 1992 Oct;24(10):1463-1481. https://doi.org/10.1068/a241463

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