Economics, Econometrics and Finance
4 years ago

Global labor market structure shapes trade outcomes, impacting economies worldwide.

Edward Elgar Publishing eBooks
Labor Market Structure and its Influence on Trade-Related Outcomes: Some Initial Findings
Carl Davidson, Steven J. Matusz

Paper Summary

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The article discusses how the structure of the job market affects trade outcomes. The authors use advanced models to study this relationship and make their findings easy to understand for everyone. They found that as the world economy becomes more globalized, trade plays a crucial role in a country's economic growth.