The portuguese intra-industry trade and the labor market adjustment costs: The SAH again
Autor(a) principal: | |
---|---|
Data de Publicação: | 2010 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/2322 |
Resumo: | This paper provides an empirical test of the SAH (Smooth Adjustment Hypothesis) using data from Portugal. According to SAH, intra-industry trade leads to relatively lower adjustment costs in comparison to inter-industry trade. The paper tests the SAH by using a dynamic panel data analysis that takes into account lagged effects of changes in the MIIT (Marginal Intra-Industry Trade) index. The regressions use the absolute change in the total employment in a given industry as a proxy for trade adjustment costs. The main results imply that a higher MIIT leads to lower adjustment costs in the same year. More specifically, the coefficients of the MIIT index are negative and statistically significant in all regressions. These results provide support for the SAH. In addition, the coefficients of the lagged MIIT indicators (one or two period) are mostly positive but not significant throughout. These findings highlight the importance of lagged trade indicators in affecting labor reallocation outcomes and thus adjustment costs. |
id |
RCAP_07513878f1e692a4d3c88b1e747fb918 |
---|---|
oai_identifier_str |
oai:www.repository.utl.pt:10400.5/2322 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
The portuguese intra-industry trade and the labor market adjustment costs: The SAH againAdjustment CostsDynamic Panel DataLabor MarketMarginal Intra-Industry TradeSmooth Adjustment HypothesisPortugalThis paper provides an empirical test of the SAH (Smooth Adjustment Hypothesis) using data from Portugal. According to SAH, intra-industry trade leads to relatively lower adjustment costs in comparison to inter-industry trade. The paper tests the SAH by using a dynamic panel data analysis that takes into account lagged effects of changes in the MIIT (Marginal Intra-Industry Trade) index. The regressions use the absolute change in the total employment in a given industry as a proxy for trade adjustment costs. The main results imply that a higher MIIT leads to lower adjustment costs in the same year. More specifically, the coefficients of the MIIT index are negative and statistically significant in all regressions. These results provide support for the SAH. In addition, the coefficients of the lagged MIIT indicators (one or two period) are mostly positive but not significant throughout. These findings highlight the importance of lagged trade indicators in affecting labor reallocation outcomes and thus adjustment costs.ISEG - Departamento de economiaRepositório da Universidade de LisboaFaustino, Horácio C.Leitão, Nuno Carlos2010-10-04T13:19:21Z20102010-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/2322engFaustino, Horácio C., e Nuno Carlos Leitão. 2010. "The portuguese intra-industry trade and the labor market adjustment costs: The SAH again". Instituto Superior de Economia e Gestão - DE Working papers nº 8-2010/DE/SOCIUS0874-4548info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:33:33Zoai:www.repository.utl.pt:10400.5/2322Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:50:21.628567Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The portuguese intra-industry trade and the labor market adjustment costs: The SAH again |
title |
The portuguese intra-industry trade and the labor market adjustment costs: The SAH again |
spellingShingle |
The portuguese intra-industry trade and the labor market adjustment costs: The SAH again Faustino, Horácio C. Adjustment Costs Dynamic Panel Data Labor Market Marginal Intra-Industry Trade Smooth Adjustment Hypothesis Portugal |
title_short |
The portuguese intra-industry trade and the labor market adjustment costs: The SAH again |
title_full |
The portuguese intra-industry trade and the labor market adjustment costs: The SAH again |
title_fullStr |
The portuguese intra-industry trade and the labor market adjustment costs: The SAH again |
title_full_unstemmed |
The portuguese intra-industry trade and the labor market adjustment costs: The SAH again |
title_sort |
The portuguese intra-industry trade and the labor market adjustment costs: The SAH again |
author |
Faustino, Horácio C. |
author_facet |
Faustino, Horácio C. Leitão, Nuno Carlos |
author_role |
author |
author2 |
Leitão, Nuno Carlos |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Faustino, Horácio C. Leitão, Nuno Carlos |
dc.subject.por.fl_str_mv |
Adjustment Costs Dynamic Panel Data Labor Market Marginal Intra-Industry Trade Smooth Adjustment Hypothesis Portugal |
topic |
Adjustment Costs Dynamic Panel Data Labor Market Marginal Intra-Industry Trade Smooth Adjustment Hypothesis Portugal |
description |
This paper provides an empirical test of the SAH (Smooth Adjustment Hypothesis) using data from Portugal. According to SAH, intra-industry trade leads to relatively lower adjustment costs in comparison to inter-industry trade. The paper tests the SAH by using a dynamic panel data analysis that takes into account lagged effects of changes in the MIIT (Marginal Intra-Industry Trade) index. The regressions use the absolute change in the total employment in a given industry as a proxy for trade adjustment costs. The main results imply that a higher MIIT leads to lower adjustment costs in the same year. More specifically, the coefficients of the MIIT index are negative and statistically significant in all regressions. These results provide support for the SAH. In addition, the coefficients of the lagged MIIT indicators (one or two period) are mostly positive but not significant throughout. These findings highlight the importance of lagged trade indicators in affecting labor reallocation outcomes and thus adjustment costs. |
publishDate |
2010 |
dc.date.none.fl_str_mv |
2010-10-04T13:19:21Z 2010 2010-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/2322 |
url |
http://hdl.handle.net/10400.5/2322 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Faustino, Horácio C., e Nuno Carlos Leitão. 2010. "The portuguese intra-industry trade and the labor market adjustment costs: The SAH again". Instituto Superior de Economia e Gestão - DE Working papers nº 8-2010/DE/SOCIUS 0874-4548 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - Departamento de economia |
publisher.none.fl_str_mv |
ISEG - Departamento de economia |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799130978309898240 |