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Trade and unemployment : what do the data say?

dc.contributor.authorFelbermayr, Gabrielde
dc.contributor.authorPrat, Juliende
dc.contributor.authorSchmerer, Hans-Jörgde
dc.date.accessioned2024-04-08T08:42:27Z
dc.date.available2024-04-08T08:42:27Z
dc.date.created2009-06-18
dc.date.issued2009
dc.description.abstractThis paper documents a robust empirical regularity: in the long-run, higher trade openness is causally associated to a lower structural rate of unemployment. We establish this fact using: (i) panel data from 20 OECD countries, (ii) cross-sectional data on a larger set of countries. The time structure of the panel data allows to deal with endogeneity concerns, whereas cross-sectional data make it possible to instrument openness by its geographical component. In both setups, we carefully purge the data from business cycle effects, include a host of institutional and geographical variables, and control for within-country trade. Our main finding is robust to various definitions of unemployment rates and openness measures. The preferred specification suggests that a 10 percent increase in total trade openness reduces unemployment by about one percentage point. Moreover, we show that openness affects unemployment mainly through its effect on TFP and that labor market institutions do not appear to condition the effect of openness.en
dc.identifier.swb307624900
dc.identifier.urihttps://hohpublica.uni-hohenheim.de/handle/123456789/5253
dc.identifier.urnurn:nbn:de:bsz:100-opus-3636
dc.language.isoeng
dc.relation.ispartofseriesHohenheimer Diskussionsbeiträge; 310
dc.rights.licensepubl-ohne-poden
dc.rights.licensepubl-ohne-podde
dc.rights.urihttp://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subjectInternational tradeen
dc.subjectReal opennessen
dc.subjectUnemploymenten
dc.subjectGMM modelsen
dc.subjectIV esti- mationen
dc.subject.ddc330
dc.subject.gndWelthandelde
dc.subject.gndArbeitslosigkeitde
dc.titleTrade and unemployment : what do the data say?de
dc.type.dcmiTextde
dc.type.diniWorkingPaperde
local.accessuneingeschränkter Zugriffen
local.accessuneingeschränkter Zugriffde
local.bibliographicCitation.publisherPlaceUniversität Hohenheimde
local.export.bibtex@techreport{Felbermayr2009, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5253}, author = {Felbermayr, Gabriel and Prat, Julien and Schmerer, Hans-Jörg et al.}, title = {Trade and unemployment : what do the data say?}, year = {2009}, school = {Universität Hohenheim}, series = {Hohenheimer Diskussionsbeiträge}, }
local.export.bibtexAuthorFelbermayr, Gabriel and Prat, Julien and Schmerer, Hans-Jörg et al.
local.export.bibtexKeyFelbermayr2009
local.export.bibtexType@techreport
local.faculty.number3de
local.institute.number520altde
local.opus.number363
local.series.issueNumber310
local.series.titleHohenheimer Diskussionsbeiträge
local.universityUniversität Hohenheimde
local.university.facultyFakultät Wirtschafts- und Sozialwissenschaftende
local.university.instituteInstitut für Volkswirtschaftslehre (bis 2010)de

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