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Marginal intra-industry trade and adjustment costs:the Australian experience

dc.contributor.authorThorpe, Michael
dc.contributor.authorLeitão, Nuno Carlos
dc.date.accessioned2011-06-01T10:34:08Z
dc.date.available2011-06-01T10:34:08Z
dc.date.issued2011-05
dc.description.abstractThe 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.por
dc.description.sponsorshipThe Western Australian Department of Training and Workforce Developmentpor
dc.identifier.citationThorpe, 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.por
dc.identifier.issn1329-2676
dc.identifier.urihttp://hdl.handle.net/10400.15/445
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherCentre for Labour Market Research, Curtin Business School, Curtin University, Perth, Australiapor
dc.relation.ispartofseriesCLMR Discussion Paper;2011/02
dc.relation.publisherversionhttp://www.business.curtin.edu.au/files/CLMR_DP2011.02.pdfpor
dc.subjectIntra-industry tradepor
dc.subjectInter-industry tradepor
dc.subjectLabour marketpor
dc.subjectDynamic panel datapor
dc.subjectAustraliapor
dc.titleMarginal intra-industry trade and adjustment costs:the Australian experiencepor
dc.typeother
dspace.entity.typePublication
person.familyNameLeitão
person.givenNameNuno Carlos
person.identifier.orcid0000-0002-7602-2615
rcaap.rightsopenAccesspor
rcaap.typeotherpor
relation.isAuthorOfPublication59b3a478-abed-4851-a925-fe8d133213c5
relation.isAuthorOfPublication.latestForDiscovery59b3a478-abed-4851-a925-fe8d133213c5

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