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| Registros recuperados: 13 | |
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| Ferto, Imre. |
| Recent developments in intra-industry trade (IIT) literature focus on the relationships between IIT and adjustment costs associated with changes in trade pattern. The effects of trade liberalisation depend, inter alia, on whether trade is of an inter-industry or intra-industry nature. The belief that IIT leads to lower costs of factor market adjustment, particularly for labour, gives rise to the smooth-adjustment hypothesis Hungarian agricultural trade was liberalised via WTO agreement and some regional trade integration agreement (Association Agreement, CEFTA). It is reasonable assume that these partial trade liberalisation should have an effect on trade pattern and employment changes. The aim of the paper is to identify the effects of partial trade... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Intra-industry trade; Adjustment costs; Food industry; Marketing; Q17. |
| Ano: 2006 |
URL: http://purl.umn.edu/25758 |
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| Agbola, Frank W.; Harrison, Stephen R.. |
| Optimal intertemporal investment behaviour ofAustralian pastoralists is modelled using panel data for the period 1979–1993.Results indicate that quasi-fixity of inputs of labour, capital, sheep numbers and cattle numbers is characteristic of production in the pastoral region. It takes about two years for labour, four years for capital and a little over two years for both sheep numbers and cattle numbers to adjust towards long-run optimal levels. Results also indicate that, after accounting for adjustment costs, own-price product supply and input demand responses are inelastic in both the short and long run. |
| Tipo: Article |
Palavras-chave: Adjustment costs; Pastoralism; Supply response; Agribusiness. |
| Ano: 2005 |
URL: http://purl.umn.edu/118436 |
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| Karp, Larry S.; Paul, Thierry. |
| We analyze a model in which a government uses a second best policy to affect the reallocation of labor, following a change in relative prices. We consider two extreme cases, in which the government has either unlimited or negligible ability to commit to future actions. We explain why the ability to make commitments may be unimportant, and we illustrate this conjecture with numerical examples. For either assumption about commitment ability, the equilibrium policy involves gradual liberalization. The dying sector is protected during the transition to a free market, in order to decrease the amount of unemployment Our results are sensitive to the assumptions about migration. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Adjustment costs; Dynamic tariffs; Time inconsistency; Markov perfection; Labor and Human Capital. |
| Ano: 1994 |
URL: http://purl.umn.edu/51222 |
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| Caballero, Ricardo J.; Cowan, Devin N.; Engel, Eduardo M.R.A.; Micco, Alejandro. |
| Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief among the latter is labor market regulation. While few economists would object to such a view, its empirical support is rather weak. In this paper we revisit this hypothesis and find strong evidence for it. We use a new sectoral panel for 60 countries and a methodology suitable for such a panel. We find that job security regulation clearly hampers the creative-destruction process, especially in countries where regulations are likely to be enforced. Moving from the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Microeconomic rigidities; Creative-destruction; Job security regulation; Adjustment costs; Rule of law; Productivity growth; Labor and Human Capital; E24; J23; J63; J64; K00. |
| Ano: 2004 |
URL: http://purl.umn.edu/28486 |
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| Forteza, Alvaro; Patron, Rossana. |
| The paper analyses the efficiency and the distributional effects of eliminating a tariff in a protected sector, in a Heckscher-Ohlin model of trade with costs of adjustment. The tariff can be eliminated at the onset or after a while. In case of postponing it the government may pre-announce the policy change or may not do it and surprise the private sector. It is shown that while large adjustment costs reduce the efficiency gains from trade liberalisation, small to moderate adjustment costs may raise the efficiency gains from a pre-announced liberalisation. The adjustment costs reduce the effects on factor returns from a sudden unanticipated liberalisation. The distributional effects of trade liberalisations are more complex when the policy is... |
| Tipo: Journal Article |
Palavras-chave: Adjustment costs; Trade liberalisation; International Relations/Trade; F11; F13. |
| Ano: 2003 |
URL: http://purl.umn.edu/44058 |
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| Registros recuperados: 13 | |
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