Menon, Jayant - Centre of Policy Studies and Impact Project (COPS), … - 1996
and unmatched changes in trade (MCIT and UCIT) as indicators of adjustment costs associated with trade expansion or … contraction. We make three contributions to this literature. First, we clarify what is meant by adjustment costs in the context of … can be substantial. Thus, they are unreliable as indicators of adjustment costs. Our measures overcome these limitations. …