Felbermayr, Gabriel; Prat, Julien; Schmerer, Hans-Jörg - In: European Economic Review 55 (2011) 6, pp. 741-758
This paper documents a robust empirical regularity: in the long-run, higher trade openness is associated with a lower structural rate of unemployment. We establish this fact using: (i) panel data from 20 OECD countries, (ii) cross-sectional data on a larger set of countries. The time structure...