Article: article from journal or magazin.
Intra-Industry Trade and Adjustment in Malaysia: Puzzling Evidence
Applied Economics Letters
The structure of Malysia?s trade expansion over the high-growth period 1970-1994 and its implications for labour-market adjustment is examined. An econometric analysis of trade and employment data suggests that intra-industry trade is related with relatively large inter industry payroll changes. Results therefore cast doubt over the widely held smooth-adjustment hypothesis of intra-industry trade.
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