How an Export Boom Affects Unemployment
Does trade affect the equilibrium rate of unemployment? To answer this question, we propose a small open economy model that incorporates realistic features of labour markets. The model predicts that a sustained improvement in the terms of trade lowers unemployment. We test this prediction for the ca...
| Main Authors: | , |
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| Format: | Journal Article |
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Elsevier BV * North-Holland
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/9873 |