Imperfect Competition in Regional Labour Markets: A Computable General Equilibrium Analysis
1992 ◽
Vol 24
(10)
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pp. 1463-1481
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Keyword(s):
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.
2015 ◽
Vol 25
(6)
◽
pp. 657-671
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2009 ◽
Vol 7
(4)
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pp. 477-497
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