Alessandria, George; Delacroix, Alain - Centre Interuniversitaire sur le Risque, les Politiques … - 2007
firing restrictions. We explore the extent to which international trade alters this result. When economies trade, labor … market policies in one country spill over to other countries through their effect on the terms of trade. A key finding in the … economy only exports 30 percent of its goods. Thus, with international trade a country receives little to no benefit, and …