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Imperfect Competition in Regional Labour Markets: A Computable General Equilibrium Analysis

Author

Listed:
  • F Harrlgan

    (Department of Economics, University of Western Australia, Nedlands, Perth, Western Australia 6009)

  • P G McGregor
  • J K Swales
  • N Dourmashkin

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.

Suggested Citation

  • F Harrlgan & P G McGregor & J K Swales & N Dourmashkin, 1992. "Imperfect Competition in Regional Labour Markets: A Computable General Equilibrium Analysis," Environment and Planning A, , vol. 24(10), pages 1463-1481, October.
    • Handle: RePEc:sae:envira:v:24:y:1992:i:10:p:1463-1481
    DOI: 10.1068/a241463
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    References listed on IDEAS

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    1. Richard Layard & Stephen Nickell, 1990. "Is Unemployment Lower if Unions Bargain over Employment?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(3), pages 773-787.
    2. Vasilev, Aleksandar & Maksumov, Rashid, 2010. "Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and Money (1936)," EconStor Research Reports 155318, ZBW - Leibniz Information Centre for Economics.
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    Cited by:

    1. Michelle Gilmartin & David Learmouth & J Kim Swales & Peter McGregor & Karen Turner, 2013. "Regional Policy Spillovers: The National Impact of Demand-Side Policy in an Interregional Model of the UK Economy," Environment and Planning A, , vol. 45(4), pages 814-834, April.
    2. Peter G. McGregor & Eric P. McVittie & J. Kim Swales & Ya Ping Yin, 2000. "The Neoclassical Economic Base Multiplier," Journal of Regional Science, Wiley Blackwell, vol. 40(1), pages 1-31, February.
    3. Harrigan, Frank & McGregor, Peter G & Swales, J K, 1996. "The System-Wide Impact on the Recipient Region of a Regional Labour Subsidy," Oxford Economic Papers, Oxford University Press, vol. 48(1), pages 105-133, January.
    4. Mark D. Partridge & Dan S. Rickman, 1998. "Regional Computable General Equilibrium Modeling: A Survey and Critical Appraisal," International Regional Science Review, , vol. 21(3), pages 205-248, December.
    5. Kazuhiko Ishiguro & Hajime Inamura, 2001. "Development of ocean carriers' behaviour model focusing on their 'cost and tariff' based on the spatial general equilibrium," Maritime Policy & Management, Taylor & Francis Journals, vol. 28(3), pages 251-264, July.
    6. Mark Thissen & Frank Van Oort, 2004. "Labour migration in Europe and the New Economic Geography," ERSA conference papers ersa04p449, European Regional Science Association.

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