Gaffard, Jean-Luc; Saraceno, Francesco - Centre de recherche en Économie (OFCE), Sciences … - 2007
negative external trade shocks may be accommodated by the migration of jobs between sectors; the negative impact on some …, will be temporary, unless labour market rigidities prevent the necessary adjustment. We argue that trade shocks trigger a … disequilibria. Therefore, the structural change that follows trade shocks can no longer be analysed within an equilibrium framework …