Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/16170

TitleEmployment and exchange rates : the role of openness and technology
Author(s)Alexandre, Fernando
Bação, Pedro
Cerejeira, João
Portela, Miguel
KeywordsExchange rates
International trade
Job flows
Issue dateDec-2011
PublisherSpringer
JournalOpen Economies Review
Abstract(s)Real exchange rate movements are important drivers of the reallocation of resources between sectors of the economy. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition and with the technology level. We show that both the degree of openness and the technology level mediate the impact of exchange rate movements on labour market developments. According to our estimations, whereas employment in high-technology sectors seems to be relatively immune to changes in real exchange rates, these appear to have sizable and significant effects on highly open low-technology sectors. The analysis of job flows suggests that the impact of exchange rates on these sectors occurs through employment destruction.
TypeArticle
URIhttp://hdl.handle.net/1822/16170
DOI10.1007/s11079-010-9191-z
ISSN0923-7992
Publisher versionhttp://www.springerlink.com/content/c420100863183656/
Peer-Reviewedyes
AccessRestricted access (UMinho)
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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