Please use this identifier to cite or link to this item: http://hdl.handle.net/10316/11725
Title: Employment and exchange rates: the role of openness and technology
Authors: Alexandre, Fernando 
Bação, Pedro 
Cerejeira, João 
Portela, Miguel 
Keywords: Exchange rates; International trade; Job flows
Issue Date: 2009
Publisher: FEUC. Grupo de Estudos Monetários e Financeiros
Citation: Estudos do GEMF. 8 (2009)
Abstract: 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. This paper contributes by bringing together these two views, both theoretically and empirically. 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.
URI: http://hdl.handle.net/10316/11725
Rights: openAccess
Appears in Collections:FEUC- Vários

Files in This Item:
File Description SizeFormat 
Employment and exchange rates.pdf405.37 kBAdobe PDFView/Open
Show full item record

Page view(s) 20

439
checked on Jul 16, 2019

Download(s) 50

359
checked on Jul 16, 2019

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.