Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.15/445
Título: Marginal intra-industry trade and adjustment costs:the Australian experience
Autor: Thorpe, Michael
Leitão, Nuno Carlos
Palavras-chave: Intra-industry trade
Inter-industry trade
Labour market
Dynamic panel data
Australia
Data: Mai-2011
Editora: Centre for Labour Market Research, Curtin Business School, Curtin University, Perth, Australia
Citação: Thorpe, Michael & Leitão, Nuno Carlos (2011). Marginal intra-industry trade and adjustment costs:the Australian experience (CLMR Discussion Paper 2011/02). Perth: Centre for Labour Market Research, Curtin Business School.
Relatório da Série N.º: CLMR Discussion Paper;2011/02
Resumo: The objective of this research is to investigate labour market adjustment associated with changes in Australia’s trade pattern over the period 1992-2000. Specifically the focus is on the so-called smooth adjustment hypothesis (SAH) which posits that, compared with interindustry trade, intra-industry trade (IIT) expansion is associated with relatively lower factor adjustment costs. A dynamic panel data approach (GMM-System) is employed. We find that there is a negative correlation between changes in employment and increased IIT. This result provides support for the SAH. Given the rise in IIT as a proportion of Australia’s overall trade during the period under review, the adjustment in labour markets stemming from trade liberalisation at that time is likely to have been less than otherwise expected.
Peer review: yes
URI: http://hdl.handle.net/10400.15/445
ISSN: 1329-2676
Versão do Editor: http://www.business.curtin.edu.au/files/CLMR_DP2011.02.pdf
Aparece nas colecções:Working papers_ESGTS

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