On the Measurement of Trade-Induced Adjustment

Abdul K M Azhar, Robert J R Elliott*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

27 Citations (Scopus)


Globalisation and closer regional integration have led to significant increases in trade between nations that in turn impacts on existing long-standing trade partnerships. A consequence of changing trade patterns is an increase in the pressure for resources to reallocate between industries and sectors. This paper provides an integrated approach to the analysis of trade-induced adjustment that complements the existing literature. Adjustment pressures are documented in accordance with the theoretical underpinnings of the smooth adjustment hypothesis and satisfy a number of desirable criteria, monotonicity, consistency and country specificity. The applicability of the authors' approach is examined using UK manufacturing data.

Original languageEnglish
Pages (from-to)419-439
Number of pages21
JournalReview of World Economics
Issue number3
Publication statusPublished - 1 Dec 2003


  • Adjustment costs
  • Intra-industry trade

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)


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