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| Author: | Cuyvers, L. (et al.) |
| Title: | Wage and employment effects in the EU of international trade with the emerging economies |
| Journal: | Weltwirtschaftliches Archiv
2003 : VOL. 139:2, p. 248-275 |
| Index terms: | Employment European Union International trade Liberalization Pay |
| Freeterms: | Emerging economies |
| Language: | eng |
| Abstract: | It is investigated whether significant HOS effects are present in the EU from trade liberalization with the emerging economies. Regarding wage inequality, there is only evidence of a trade-induced technological change, but biased towards the lower-skilled-labor-intensive sectors. Relative wages in the EU member states are not affected differently. Trade liberalization under "European assumptions", however, could affect primarily relative factor demand. A flexible cost function approach shows that import competition from the emerging economies influenced relative labor demand in favor of the higher skilled, implying an intrasectoral rather than an intersectoral specification in skill-intensive activities. |
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