Abstract
A regional model of Italy is presented to analyze unemployment responses to supply and demand shocks in the market for labor and goods. Both supply and demand components of unemployment are endogenous. Employment has low elasticity to output in Southern Italy where labor force increases more because of demographic and participation rate changes. This also makes it difficult to close the gap between this region and the most developed areas of the country. © 1994.
Lingua originale | English |
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pagine (da-a) | 497-527 |
Numero di pagine | 31 |
Rivista | Journal of Policy Modeling |
Volume | 16 |
DOI | |
Stato di pubblicazione | Pubblicato - 1994 |
Keywords
- Regional unemployment
- policy simulation