International Trade Patterns and Labor Markets – An Empirical Analysis for EU Member States
نویسنده
چکیده
During the last decades, international trade flows especially of the industrialized countries allegedly became more and more intra-industry. At the same time, employment perspectives particularly of the low-skilled by tendency deteriorated in these countries. This phenomenon is often traced back to the fact that intra-industry trade, which should theoretically involve low labor market adjustment, became increasingly vertical in nature and might thus entail labor market disruptions. Against this background, the present paper investigates the relationship between international trade patterns and selected labor market indicators in European countries, with a focus on vertical intra-industry trade. As the results show, neither internor vertical intra-industry trade do have a verifiable effect on wage spread in EU member states. As far as structural unemployment is concerned, the latter increases only with the degree of countries’ specialization on capital intensively manufactured products in inter-industry trade relations. Only for unemployment of the less-skilled, a significant impact of superior vertical intra-industry trade seems to exist. However, the link between unemployment of the lower qualified and inter-industry specialization on labor intensive goods as well as parts and components imports is considerably higher.
منابع مشابه
The Global Health Policies of the EU and its Member States: A Common Vision?
Background This article assesses the global health policies of the European Union (EU) and those of its individual member states. So far EU and public health scholars have paid little heed to this, despite the large budgets involved in this area. While the European Commission has attempted to define the ‘EU role in Global Health’ in 2010, member states are active in the domain of global health ...
متن کاملThe Impact of Integration on International Trade Flows: the Cases of EU, OIC & ECO
The growth of regional trade blocks has been one of the major developments in international relations in recent years. Regional agreements vary widely but, all have the objective of reducing barriers to trade between member countries that in most cases result in increasingly trade flows and economic growth. This paper attempts to explore the results of trade integration in ECO, EU and OIC block...
متن کاملEmpirical evidence on Heckscher-Ohlin trade theorem: the case of international trade between Croatia and the rest of the European Union member states*
The goal of this research is to test the Heckscher-Ohlin’ theorem of comparative advantages on the sample of the Republic of Croatia and other European Union member countries. Heckscher-Ohlin theorem of comparative advantages can largely explain international trade in cases where the sample of countries is heterogeneous, in terms of the achieved level of development and the production factors a...
متن کاملTrade as a Wage Disciplining Device
This paper considers the wage-setting behaviour of a monopoly union facing foreign competition. Contrary to intuition, trade integration is predicted to make union wages less sensitive to foreign wage changes if union preferences are sufficiently biased towards wages relative to employment. This is confirmed empirically using sector-level time-series on EU member states, using the existence of ...
متن کامل