Harting, Philipp: Policy design in the presence of technological change - an agent-based approach. 2014
Inhalt
- General Introduction
- Capturing Firm Behavior
- Introduction
- Approaches to modeling firm decisions in ACE: a brief survey
- A Management Science Approach to Model Firm's Decision Making
- Conclusions
- Appendix
- Economic convergence
- Introduction
- Related Literature
- The Model
- Policy Analysis
- General Setup, Method of Policy Evaluation, Policies Considered
- Baseline Simulation With No Policies
- Effect of Human Capital Policy
- Effect of Technology Policy
- Interaction Effects
- Robustness of Qualitative Findings
- Discussion and Conclusion
- Appendix
- Stabilization Policies and Long Term Growth
- Introduction
- The Model
- The Overall Structure
- Decision-Making and Expectation Formation
- Skill Dynamics
- The Consumption Goods Firm
- Technological Change
- Labor Market Interaction
- Consumption Market Interaction
- Parametrization and Initialization
- Business Cycle Properties and Stylized Facts
- The Policy Analysis
- Policy Design
- The Baseline Scenario With No Policies
- Policy Effects on the Business Cycle Volatility
- The Consumption Stimulating Policy
- The Investment Subsidy Policy
- The Technology Subsidy Policy
- Robustness Checks
- Discussion and Conclusion