| Full text | |
| Author(s): |
Fanti, Lucrezia
;
Pereira, Marcelo C.
;
Virgillito, Maria Enrica
Total Authors: 3
|
| Document type: | Journal article |
| Source: | JOURNAL OF POLICY MODELING; v. 45, n. 2, p. 25-pg., 2023-05-19. |
| Abstract | |
Building on the labour-augmented K+S model framework, we analyse the Italian North-South divide by means of an agent-based model (ABM) endogenously reproducing the divergence between two artificial macro-regions. The latter are characterised by identical initial conditions in terms of productive and in-novation structures, but different labour market organisations. We identify the role played by these dif-ferent arrangements on the possible divergence across the two regions. We found that divergences in the labour market reverberate into asymmetric productive performance due to negative reinforcing feedback loop dynamics. We then compare alternative mitigation policies by showing that schemes increasing machine renewal and replacement investment are the most effective in fostering convergence.(c) 2022 The Authors. Published by Elsevier Inc. on behalf of The Society for Policy Modeling. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). (AU) | |
| FAPESP's process: | 15/24341-7 - New strategies to confront with the threat of capacity exhaustion |
| Grantee: | Helio Waldman |
| Support Opportunities: | Research Projects - Thematic Grants |