Labour-market effects of intra-industry trade: Evidence for the United Kingdom

Marius Brülhart, Robert J R Elliott

Research output: Contribution to journalArticlepeer-review

41 Citations (Scopus)

Abstract

Labor-Market Effects of Intra-Industry Trade: Evidence for the United Kingdom. - According to the "smooth adjustment hypothesis", the labor-market adjustment costs entailed by trade liberalization are lower if trade expansion is intra-industry rather than inter-industry in nature. In this paper, we study the link between trade and labor market changes in UK manufacturing industries during the 1980s. We use industry-level measures of unemployment duration and wage variability as proxies for adjustment costs, and we relate them to various measures of intra-industry trade. Our evidence offers some support for the smooth adjustment hypothesis.

Original languageEnglish
Pages (from-to)207-228
Number of pages22
JournalWeltwirtschaftliches Archiv
Volume138
Issue number2
Publication statusPublished - 1 Jan 2002

ASJC Scopus subject areas

  • General Business,Management and Accounting

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