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The Asian Recession and Northern Labour Markets

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  • Yang, Y.
  • Tyers, R.

Abstract

As debt work-outs facilitate recovery from Asia'a recession, GDP there can be expected to rise and manufactured exports to expand. Asian imports and investment will remain low, however, as crisis-enhanced foreign debt is serviced and domestic savings continue to be sent abroad. Superficially, the surge in labour intensive manufactured exports and the associated real appreciation in the north could see northern workers disadvantaged.

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Bibliographic Info

Paper provided by Australian National University, College of Business and Economics, School of Economics in its series ANU Working Papers in Economics and Econometrics with number 1999-372.

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Length: 29 pages
Date of creation: Jun 1999
Date of revision:
Handle: RePEc:acb:cbeeco:1999-372

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Keywords: UNEMPLOYMENT ; WAGES ; TRADE ; RECESSION;

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References

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  1. Francois, Joseph & Nelson, Doug R, 1998. "Trade, Technology and Wages: General Equilibrium Mechanics," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1919, C.E.P.R. Discussion Papers.
  2. Marcus Noland & Li-Gang Liu & Sherman Robinson, 1998. "Global Economic Effects of the Asian Currency Devaluations," Peterson Institute Press: All Books, Peterson Institute for International Economics, Peterson Institute for International Economics, number pa56, July.
  3. Jenny Corbett & David Vines, 1999. "Asian Currency and Financial Crises: Lessons from Vulnerability, Crisis and Collapse," The World Economy, Wiley Blackwell, vol. 22(2), pages 155-177, 03.
  4. Giancarlo Corsetti & Paolo Pesenti & Nouriel Roubini, 1998. "What Caused the Asian Currency and Financial Crisis?," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area 343, Bank of Italy, Economic Research and International Relations Area.
  5. Falvey, R. & Tyers, R. & McDougall, R., 1997. "Trade Shocks and the Magnitude of Transmitted Wage Adjustments," Papers, Australian National University - Department of Economics 318, Australian National University - Department of Economics.
  6. Steven Radelet & Jeffrey Sachs, 1998. "The Onset of the East Asian Financial Crisis," NBER Working Papers 6680, National Bureau of Economic Research, Inc.
  7. J. David Richardson, 1995. "Income Inequality and Trade: How to Think, What to Conclude," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 9(3), pages 33-55, Summer.
  8. Richard B. Freeman, 1995. "Are Your Wages Set in Beijing?," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 9(3), pages 15-32, Summer.
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Cited by:
  1. Narayanan, Badri G. & Hertel, Thomas W. & Horridge, J. Mark, 2010. "Disaggregated data and trade policy analysis: The value of linking partial and general equilibrium models," Economic Modelling, Elsevier, Elsevier, vol. 27(3), pages 755-766, May.

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