1,450 research outputs found
Data and Replication Package for: Governance Structure, Technical Change and Industry Competition
No full textPolicy design in the presence of technological change - an agent-based approach
Get PDFHarting P. Policy design in the presence of technological change - an agent-based approach. Bielefeld: Universitätsbibliothek Bielefeld; 2014
Labor market integration policies and the convergence of regions: the role of skills and technology diffusion
No full textDawid H, Gemkow S, Harting P, Neugart M. Labor market integration policies and the convergence of regions: the role of skills and technology diffusion. Journal of Evolutionary Economics. 2012;22(3):543-562
Capturing Firm Behavior in Agent-Based Models of Industry Evolution and Macroeconomic Dynamics
No full textDawid H, Harting P. Capturing Firm Behavior in Agent-Based Models of Industry Evolution and Macroeconomic Dynamics. In: Bünstorf G, ed. Applied Evolutionary Economics, Behavior and Organizations. Edward-Elgar; 2012: 103-130
Data and Replication Package for: Governance Structure, Technical Change and Industry Competition
No full textGuerini M, Harting P, Napoletano M. Data and Replication Package for: Governance Structure, Technical Change and Industry Competition. Bielefeld University; 2021.This replication package provides all code, scripts and data required to replicate the figures and tables of the paper "Governance Structure, Technical Change and Industry Competition" by M. Guerini, P. Harting and M. Napoletano. The replication package provides two ways of replicating the results. The first way is to generate the figures from the original simulation data using R. The second and computationally more expensive way is to carry out the whole analysis from scratch. In this case, the replicator produces simulation data from running the model code and generates the figures and tables from the new data. This exercise, however, is restricted to machines fulfilling specific system requirements
Economic convergence: policy implications from a heterogeneous agent model
No full textDawid H, Harting P, Neugart M. Economic convergence: policy implications from a heterogeneous agent model. Journal of Economic Dynamics & Control. 2014;44:54-80.Abstract: Agent‐based simulation models are used by an
increasing number of scholars as a tool for providing
evaluations of economic policy measures and policy recommendations in complex environments. Based on recent
work in this area we discuss the advantages of agent‐based
modelling for economic policy design and identify further
needs to be addressed for strengthening this methodological
approach as a basis for so und policy advice
Residential segregation: The role of inequality and housing subsidies
No full textHarting P, Radi D. Residential segregation: The role of inequality and housing subsidies. Journal of Economic Behavior & Organization. 2020;178:801-819.Residential segregation is a key public policy issue that is driven by economic factors on the one side, and individual attitudes towards ethnic diversity on the other side. We assume a modeling framework that consists of a population of two ethnic groups, a rental market for each neighborhood, and household's utility which depends on consumption and housing. Accounting for income disparities and heterogeneous preferences for living in ethnically diverse neighborhoods, we examine the residential segregation patterns that occur when households make their neighborhood choice by taking economic and diversity related aspects into account. The investigation reveals that ethnic income disparities and heterogeneous preferences are antagonistic forces such that a certain level of income stratification is the price for residential integration. In light of these findings, we discuss to which extent and under which conditions housing subsidy policies can favor residential integration. (c) 2020 Elsevier B.V. All rights reserved
Stabilization Policies and Long Term Growth: Policy Implications from an Agent-based Macroeconomic Model
Get PDFHarting P. Stabilization Policies and Long Term Growth: Policy Implications from an Agent-based Macroeconomic Model. Working Papers in Economics and Management. Vol 06-2015. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2015.Do fiscal stabilization policies affect the long-term growth of the economy? If so, are the long-term effects growth-enhancing or growth-reducing? These questions have again become relevant to the political and academic debate since governments have been forced to spend considerable funds for economic stimulus packages as a response to the recent economic crisis. The answers provided by the economic literature are inconclusive. But a general observation is that, while the theoretical literature has emphasized the importance of structural issues as, e.g., the modeling approach of endogenous technological change, less attention has been paid to an elaborate design of the considered fiscal stabilization policies.
This paper uses a closed agent-based macroeconomic model that generates endogenous business cycles to emphasize the role of the policy design for long-term growth effects of stabilization policies. By comparing a demand-oriented consumption policy and two different investment subsidizing policies, we can show that the considered policies are equally successful in smoothing the business cycle, but have different implications for the medium and long-term growth of the economy. Hence, not only modeling assumptions as stressed by the literature but also the concrete implementation of the policy seems to be important for the analysis of long-term effects of stabilization policies
MACROECONOMIC STABILIZATION AND LONG-TERM GROWTH: THE ROLE OF POLICY DESIGN
No full textHarting P. MACROECONOMIC STABILIZATION AND LONG-TERM GROWTH: THE ROLE OF POLICY DESIGN. Macroeconomic Dynamics. 2019:1-46.Do fiscal stabilization policies affect the long-term growth of the economy? If so, are the long-term effects growth enhancing or growth reducing? When addressing these questions from a theoretical perspective, the literature has typically emphasized the importance of structural aspects such as the modeling approach of endogenous technological change while paying less attention to an elaborate design of the considered fiscal stabilization policies. This paper uses an agent-based macroeconomic model that generates endogenous business cycles to emphasize the role of the policy design for long-term growth effects of stabilization policies. By comparing a demand-oriented consumption policy and two different investment subsidizing policies, it can be shown that these policies are successful in smoothing the business cycle but differ in terms of their effects on economic long-term growth. This highlights the importance of policy design for the analysis of long-term effects of stabilization policies.</jats:p
Data for the paper: Macroeconomics with Heterogeneous Agent Models: Fostering Transparency, Reproducibility and Replication
No full textDawid H, Harting P, van der Hoog S, Neugart M. Data for the paper: Macroeconomics with Heterogeneous Agent Models: Fostering Transparency, Reproducibility and Replication. Bielefeld University; 2017
- …
