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

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

doi:10.1068/a241463

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

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

Economics

Research output: Contribution to journal › Article › peer-review

12 Citations (Scopus)

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 language	English
Pages (from-to)	1463-1481
Number of pages	18
Journal	Environment and Planning A
Volume	24
Issue number	10
DOIs	https://doi.org/10.1068/a241463
Publication status	Published - Oct 1992

Keywords

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

Access to Document

10.1068/a241463

http://dx.doi.org/10.1068/a241463

Cite this

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title = "Imperfect competition in regional labor-markets - a computable general equilibrium-analysis",

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.",

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