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| Author: | Hungerford, T. |
| Title: | International trade, comparative advantage and the incidence of layoff unemployment spells |
| Journal: | Review of Economics and Statistics
1995 : AUG, VOL. 77:3, p. 511-521 |
| Index terms: | INCENTIVES COMPARATIVE ADVANTAGE UNEMPLOYMENT |
| Language: | eng |
| Abstract: | The gains and losses to factors of production from trade are discussed primarily within the context of the Stopler-Samuelson theorem which focuses on factor rewads. But policy makers are more concerned about employment effects of trade. This paper focuses on the short-run effects of trade on the incidence of layoffs in U.S. manufacturing industries. A profit model with endogenous switching is employed to estimate the effects of trade shocks and explore the role of comparative advantage on layoffs. |
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