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Relative Prices, Trade and Restructuring in European Industry

Year: 1999

Type: book-chapter

Abstract: This chapter examines the impact of trade on European labour markets using data on relative commodity prices and intra-sectoral skill levels. Drastic restructuring in unskilled labour-intensive industries is observed in terms of downsizing and upgrading of skills. Competition from developing countries affects a significant number of industries, but the adjustments taking place at the industry level are not as simple as those predicted by Heckscher-Ohlin.

DOI: 10.1093/0198293607.003.0003

Authors: Damien Neven, Charles Wyplosz

Institutions: University of Geneva, Centre for Economic Policy Research, Graduate Institute of International Studies

Language: English

Topic: Global trade and economics

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2169736697

FWCI: 30.13

Cites: 8

Cited by: 70

Related to: 10