Felbermayr, Gabriel J; Prat, Julien; Schmerer, Hans-Jörg - Institut für Volkswirtschaftslehre, Fakultät … - 2009
This paper documents a robust empirical regularity: in the long-run, higher trade openness is causally associated to a lower structural rate of unemployment. We es- tablish this fact using: (i) panel data from 20 OECD countries, (ii) cross-sectional data on a larger set of countries. The time...