Publication
Marginal intra-industry trade and adjustment costs:the Australian experience
| dc.contributor.author | Thorpe, Michael | |
| dc.contributor.author | Leitão, Nuno Carlos | |
| dc.date.accessioned | 2012-03-06T15:10:20Z | |
| dc.date.available | 2012-03-06T15:10:20Z | |
| dc.date.issued | 2012-03 | |
| dc.description.abstract | The objective of this research is to investigate labour market adjustment in Australian manufacturing industry over the period 1992–2000, a time of significant adjustment in the country’s trade pattern. Specifically, the focus is on the so-called smooth adjustment hypothesis, which posits that, compared with inter-industry 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 smooth adjustment hypothesis. Given the rise in IIT as a proportion of Australia’s overall trade during the period under review, the resulting traderelated adjustment in labour markets is likely to have been less than otherwise expected. | por |
| dc.identifier.citation | THORPE, Michael ; LEITÃO, Nuno Carlos - Marginal intra-industry trade and adjustment costs : the Australian experience. Economic Papers. ISSN 1759-3441. 31:1 (2012) 123-131. DOI 10.1111/j.1759-3441.2011.00156.x | por |
| dc.identifier.issn | 1759-3441 | |
| dc.identifier.uri | http://hdl.handle.net/10400.15/602 | |
| dc.language.iso | eng | por |
| dc.publisher | Wiley | por |
| dc.relation.publisherversion | http://onlinelibrary.wiley.com/doi/10.1111/j.1759-3441.2011.00156.x/abstract | por |
| dc.subject | Marginal intra-industry trade | por |
| dc.subject | Labour market adjustment | por |
| dc.subject | Dynamic panel data | por |
| dc.title | Marginal intra-industry trade and adjustment costs:the Australian experience | por |
| dc.type | journal article | |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 131 | por |
| oaire.citation.startPage | 123 | por |
| oaire.citation.title | Economic Papers : a journal of applied economics and policy | por |
| person.familyName | Leitão | |
| person.givenName | Nuno Carlos | |
| person.identifier.orcid | 0000-0002-7602-2615 | |
| rcaap.rights | openAccess | por |
| rcaap.type | article | por |
| rcaap.type | article | por |
| relation.isAuthorOfPublication | 59b3a478-abed-4851-a925-fe8d133213c5 | |
| relation.isAuthorOfPublication.latestForDiscovery | 59b3a478-abed-4851-a925-fe8d133213c5 |