On the measurement of trade-induced adjustment

Citation

Abdul Karim, Mohd Azhar and Elliott, Robert J. R. (2003) On the measurement of trade-induced adjustment. Review of World Economics, 139 (3). pp. 419-439. ISSN 1610-2878; ESSN: 1610-2886

Abstract

Globalisation and closer regional integration have led to significant increases in trade between nations that in turn impacts on existing long-standing trade partnerships. A consequence of changing trade patterns is an increase in the pressure for resources to reallocate between industries and sectors. This paper provides an integrated approach to the analysis of trade-induced adjustment that complements the existing literature. Adjustment pressures are documented in accordance with the theoretical underpinnings of the smooth adjustment hypothesis and satisfy a number of desirable criteria, monotonicity, consistency and country specificity. The applicability of the authors' approach is examined using UK manufacturing data.

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Additional Metadata

Item Type:	Article
Divisions:	Faculty of Economics and Management
DOI Number:	https://doi.org/10.1007/BF02659669
Publisher:	Springer
Keywords:	Intra-industry trade; Adjustment costs
Depositing User:	Nabilah Mustapa
Date Deposited:	14 Aug 2015 12:47
Last Modified:	09 Dec 2015 06:37
Altmetrics:	http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1007/BF02659669
URI:	http://psasir.upm.edu.my/id/eprint/15921
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