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Modelling a Regional Economic System: The Case of Lombardy
[journal article]
Abstract We set up a regional econometric model of Lombardy's labour market, in which both labour demand and supply are endogenously determined. The model simulations evaluate the response of the regional labour market, in comparison with the national one, to exogenous shocks depending on shocks in either de... view more
We set up a regional econometric model of Lombardy's labour market, in which both labour demand and supply are endogenously determined. The model simulations evaluate the response of the regional labour market, in comparison with the national one, to exogenous shocks depending on shocks in either demand or supply. The intersectoral difference highlights the fact that industry still maintains a crucial role in generating employment multiplier effects, which in turn may reduce unemployment. This evidence has important policy implications, as it suggests that industrial policy may play a crucial role in stimulating the whole regional growth process.... view less
Keywords
simulation
Classification
Employment Research
Area Development Planning, Regional Research
Free Keywords
Regional econometric models; Labour demand; Labour supply
Document language
English
Publication Year
2007
Page/Pages
p. 19-37
Journal
Regional Studies, 41 (2007) 1
DOI
https://doi.org/10.1080/00343400600929036
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)