Abstract
This paper investigates the relationship between intra-industry trade (IIT) expansion and labor market adjustment in Taiwan. We adopt a panel data set containing detailed employment information and utilize various measures of labor market adjustment to conduct empirical estimations. After controlling for industry-specific effects and occupational composition, the empirical results demonstrate that IIT expansion does have a smoothing effect on labor market adjustment. Moreover, industries with abundant skilled workers experience lower employment adjustment costs.
Original language | English |
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Pages (from-to) | 126-144 |
Number of pages | 19 |
Journal | Emerging Markets Finance and Trade |
Volume | 49 |
Issue number | SUPPL2 |
DOIs | |
State | Published - 2013 |
Keywords
- intra-industry trade
- labor adjustment
- occupational composition