Intra-Industry Trade and Adjustment

Intra-Industry Trade and Adjustment
Author: Robert C. Hine
Publisher: Springer
Total Pages: 261
Release: 2016-07-27
Genre: Business & Economics
ISBN: 134927173X

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The book offers an authoritative overview of the topical issues surrounding intra-industry trade in Europe in the era of European economic integration. It brings together expert contributors from eight of the European Union member states. The theory of intra-industry trade is discussed and assessed through a comprehensive study of the patterns of trade in Europe and the individual member states over a thirty year period. This detailed empirical analysis allows conclusions to be drawn on issues including the impact of international trade on the domestic economy. The book arises from a major multinational programme co-ordinated from the University of Nottingham.

Marginal Intra-industry Trade and Adjustment Costs

Marginal Intra-industry Trade and Adjustment Costs
Author:
Publisher:
Total Pages:
Release: 2008
Genre:
ISBN: 9789639796324

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The structure of trade expansion in Hungary and Poland over the period 1990-1998 and its implications for labour-market adjustment is examined. An econometric analysis of trade and employment data suggests that changes in domestic consumption and productivity have significant influence on employment changes. But our results do not provide support for the smooth-adjustment hypothesis of intra-industry trade. -- Intra-industry trade ; adjustment costs

Marginal Intra-Industry Trade and Adjustment Costs

Marginal Intra-Industry Trade and Adjustment Costs
Author: Michael Thorpe
Publisher:
Total Pages: 9
Release: 2014
Genre:
ISBN:

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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 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 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.