Felbermayr, Gabriel J; Prat, Julien; Schmerer, Hans-Jörg - Institut für Volkswirtschaftslehre, Fakultät … - 2009
lower structural rate of unemployment. We es- tablish this fact using: (i) panel data from 20 OECD countries, (ii) cross … within-country trade. Our main finding is robust to various definitions of unemployment rates and openness measures. The … preferred specification suggests that a 10 percent increase in total trade openness reduces unemployment by about one percentage …