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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/10010269855
We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions. Our data are drawn from a...
Persistent link: https://www.econbiz.de/10011408683
The Brexit vote precipitated the unravelling of the UK’s membership of the world’s deepest economic integration agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendum changed expectations about future UK-EU relations. Studying its...
Persistent link: https://www.econbiz.de/10012806478
Which have been the consequences of the euro for integration and economic performance in the Baltic Sea region? After the collapse of the Soviet Union, the three Baltic states and Poland have been rapidly catching-up with Western Europe. The Great Recession became a great setback for the former,...
Persistent link: https://www.econbiz.de/10012433742
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
Dominant currency pricing (DCP) weakens the demand-side effects of exchange rate changes on exports (Gopinath et al., 2020). However, adjustment in the export sector can still occur through other supply-side channels. With bilateral trade data at the HS2-product level, panel fixed-effects...
Persistent link: https://www.econbiz.de/10012596321
Member countries of the Organisation of Petroleum Exporting Countries (OPEC) are always in the news regarding the prices and supply of crude oil to the international market. One of the economic reasons for this is liquidity and the desire to accumulate international reserves by the respective...
Persistent link: https://www.econbiz.de/10013407466
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
of the effect of the exchange rate on employment in Portugal. Wedevelop an index that allows us to measure labour market … the estimation of an employment regression, focusing on theeffect of exchange rate movements. Our estimates indicate that … employment in lowtechnologysectors, with a high degree of trade openness and facing less rigidity in the labourmarket are more …
Persistent link: https://www.econbiz.de/10009360573
understanding the dynamics of employment. In this paper, we showthat the inclusion of labour adjustment costs in a trade model … affects the impact of exchangerate movements on employment. We also explore how labour market rigidities interact withthe … estimates obtained using panel data for 23 OECDcountries. Namely, our estimates suggest that employment in low …
Persistent link: https://www.econbiz.de/10009360596