Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.15/646
Título: Portuguese intra-industry trade and labor market adjustment costs:the sah again
Autor: Faustino, Horácio C.
Leitão, Nuno Carlos
Palavras-chave: Adjustment costs
Dynamic panel data
Labor market
Marginal intra-industry trade
Smooth adjustment hypothesis
Portugal
Data: 2012
Editora: National Academy of Management Vul. Ukraine
Citação: FAUSTINO, Horácio C. ; LEITÃO, Nuno Carlos - Portuguese intra-industry trade and labor market adjustment costs : the sah again. Actual problems of Economics. ISSN 1993-6788. 7 (2012) 494-503
Resumo: This paper provides an empirical test of the SAH (smooth adjustment hypothesis) using the data on Portugal. According to the SAH, intra-industry trade leads to relatively lower adjustment costs in comparison to inter-industry trade. The paper tests the SAH by using a dynamic panel data analysis that takes into account lagged effects of changes in the MIIT (marginal intra-industry trade) index. The regressions use the absolute change in the total employment in a given industry as a proxy for trade adjustment costs. The main results imply that a higher MIIT leads to lower adjustment costs in the same year. More specifically, the coefficients of the MIIT index are negative and statistically significant in all the regressions. These results provide support for the SAH.
Peer review: yes
URI: http://hdl.handle.net/10400.15/646
ISSN: 1993-6788
Versão do Editor: http://eco-science.net/index.php
Aparece nas colecções:Artigos em revistas internacionais_ESGTS

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