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Manufacturing employment and exchange rates in the Portuguese economy : the role of openness, technology and labour market rigidity
Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2010
of the effect of the exchange rate on employment in Portugal. We develop an index that allows us to measure labour market … in the estimation of an employment regression, focusing on the effect of exchange rate movements. Our estimates indicate … that employment in lowtechnology sectors, with a high degree of trade openness and facing less rigidity in the labour …
Persistent link: https://www.econbiz.de/10009153576
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Essays on international trade and development
Heid, Benedikt - 2014
countries to additionally include informal employment (chapter 3) as well as the relation between foreign direct investment …, trade, and informal employment as illustrated by the maquiladora industry in Mexico (chapter 4), the interaction between …
Persistent link: https://www.econbiz.de/10011742960
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Integration, disintegration and trade in Europe : evolution of trade relations during the 1990s
Fidrmuc, Jarko; Fidrmuc, Jan - 2000
The gravity model of trade is used to assess the economic consequences of new borders, which arose in the wake of break-ups of multinational federations in Eastern Europe. The intensity of trade relations among the constituent parts of Czechoslovakia, Soviet Union and the Baltics was very high...
Persistent link: https://www.econbiz.de/10010514292
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Disintegration and trade
Fidrmuc, Jarko; Fidrmuc, Jan - 2001
The gravity model of trade is utilized to assess the impact of disintegration on trade. The analysis is based on three recent disintegration episodes involving the former Soviet Union, Yugoslavia and Czechoslovakia. The results point to a very strong home bias around the time of disintegration,...
Persistent link: https://www.econbiz.de/10010519058
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The impact of Brexit uncertainties on international trade : evidence from Belgium
Schmitz, Emerson - 2019
This paper investigates the short-run effects of the uncertainties brought along with the Brexit referendum on the bilateral trade between Belgium and its main trading partners. I find that import and export markets have specific dynamics and react differently to changes in political uncertainty...
Persistent link: https://www.econbiz.de/10012138102
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Employment, exchange rates and labour market rigidity
Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2010
understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model … affects the impact of exchange rate movements on employment. We also explore how labour market rigidities interact with the … with estimates obtained using panel data for 23 OECD countries. Namely, our estimates suggest that employment in low …
Persistent link: https://www.econbiz.de/10003959141
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Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999-2000?
Döpke, Jörg; Gottschalk, Jan; Kamps, Christophe - 2001
This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...
Persistent link: https://www.econbiz.de/10011473872
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How wide are European borders? : on the integration effects of monetary unions
Weber, Axel A.; Beck, Günter W. - 2003 - This version: April 2003
same country. Under the EMU, the elimination of nominal exchange rate volatility has largely reduced these border effects …
Persistent link: https://www.econbiz.de/10009767676
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Adjustment dynamics and business cycle heterogeneity in the EMU : evidence from estimated DSGE models
Giovannini, Massimo; Hohberger, Stefan; Ratto, Marco; … - 2019
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States … response of employment and wages in ES, a high sensitivity of IT to investment-related shocks, and a comparatively strong … GDP growth differentials, and together with structural differences also contributed to differences in employment …
Persistent link: https://www.econbiz.de/10012268789
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Adjustment dynamics and business cycle heterogeneity in the EMU : evidence from estimated DSGE models
Giovannini, Massimo; Hohberger, Stefan; Ratto, Marco; … - 2018
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States … response of employment and wages in ES, a high sensitivity of IT to investment-related shocks, and a comparatively strong … GDP growth differentials, and together with structural differences also contributed to differences in employment …
Persistent link: https://www.econbiz.de/10012054993