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dc.contributor.authorHiebert, Paulde
dc.contributor.authorVansteenkiste, Isabelde
dc.date.accessioned2011-04-01T04:58:00Zde
dc.date.accessioned2012-08-30T04:45:49Z
dc.date.available2012-08-30T04:45:49Z
dc.date.issued2009de
dc.identifier.issn1466-4283
dc.identifier.urihttp://www.ssoar.info/ssoar/handle/document/24257
dc.description.abstractWe empirically analyse the response of labour market related variables in the US manufacturing sector to various shocks, notably to trade openness and technology, as well as examining spillovers from industry-specific labour market shocks. The econometric approach involves an application of the recently developed global VAR (GVAR) methodology of Dées, Di Mauro, Pesaran, and Smith (2007) to 12 manufacturing industries over the period 1977-2003. The framework allows us to analyse the response of a standard set of labour-market related variables (employment, real compensation, productivity and capital stock) to exogenous factors (a sector-specific measure of trade openness, a common technology and oil price shock), along with industry spillovers using specific measures of manufacturing-wide variables for each sector. Generalised impulse responses indicate that increased trade openness negatively affects real compensation, has negligible employment effects and leads to higher labour productivity. These impacts, however, are relatively weaker than those induced by technology shocks, with the latter positively and significantly affecting both real compensation and employment. There is also evidence of positive spillovers across industries from sector-specific employment and productivity shocks. Impact elasticities suggest strong intra-sectoral linkages for employment and capital stock formation, contrasting with weak linkages for what concerns real compensation and productivity.en
dc.languageende
dc.subject.ddcWirtschaftde
dc.subject.ddcEconomicsen
dc.titleInternational trade, technological shocks and spillovers in the labour market: A GVAR analysis of the US manufacturing sectoren
dc.description.reviewbegutachtet (peer reviewed)de
dc.description.reviewpeer revieweden
dc.source.journalApplied Economicsde
dc.source.volume42de
dc.source.issue24de
dc.subject.classozNational Economyen
dc.subject.classozEconomic Sectorsen
dc.subject.classozWirtschaftssektorende
dc.subject.classozVolkswirtschaftstheoriede
dc.identifier.urnurn:nbn:de:0168-ssoar-242571de
dc.date.modified2011-04-01T04:58:00Zde
dc.rights.licencePEER Licence Agreement (applicable only to documents from PEER project)de
dc.rights.licencePEER Licence Agreement (applicable only to documents from PEER project)en
ssoar.contributor.institutionhttp://www.peerproject.eu/de
internal.status-1de
dc.type.stockarticlede
dc.type.documentjournal articleen
dc.type.documentZeitschriftenartikelde
dc.source.pageinfo3045-3066
internal.identifier.classoz1090301
internal.identifier.classoz1090304
internal.identifier.journal21de
internal.identifier.document32
internal.identifier.ddc330
dc.identifier.doihttps://doi.org/10.1080/00036840801964864de
dc.description.pubstatusPostprinten
dc.description.pubstatusPostprintde
internal.identifier.licence7
internal.identifier.pubstatus2
internal.identifier.review1
internal.check.abstractlanguageharmonizerCERTAIN
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