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International Competitiveness, Job Creation and Job Destruction - An Establishment Level Study of German Job Flows

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Author Info
Moser, Christoph
Urban, Dieter M
Weder di Mauro, Beatrice

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Abstract

This study investigates the impact of international competitiveness on net employment, job creation, job destruction, and gross job flows for a representative sample of German establishments from 1993 to 2005. We find a statistically significant but economically small effect of real exchange rate shocks on employment, comparable to the one found in studies for the United States. However, contrary to the United States, the employment adjustment (among surviving firms) operates mainly through the job creation rather than the job destruction rate. Job destruction occurs essentially through discrete events such as restructuring, outsourcing and bankruptcy. We suggest that these findings are consistent with a highly regulated labour market, in which smooth adjustment is costly and possibly delayed.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 6745.

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Date of creation: Mar 2008
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Handle: RePEc:cpr:ceprdp:6745

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Related research
Keywords: attrition estimator; gross worker flows; international competitiveness; inverse probability weighted GMM; real exchange rate;

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Find related papers by JEL classification:
F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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  6. Thorsten Schank, 2005. "Are overtime plants more efficient than standard-time plants? A stochastic production frontier analysis using the IAB Establishment Panel," Empirical Economics, Springer, vol. 30(3), pages 693-710, October. [Downloadable!] (restricted)
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  8. Steven J. Davis & John C. Haltiwanger & Scott Schuh, 1998. "Job Creation and Destruction," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262540932.
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  13. John M. Abowd & Patrick Corbel & Francis Kramarz, 1999. "The Entry And Exit Of Workers And The Growth Of Employment: An Analysis Of French Establishments," The Review of Economics and Statistics, MIT Press, vol. 81(2), pages 170-187, May. [Downloadable!] (restricted)
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  14. Binder, Michael & Hsiao, Cheng & Pesaran, M. Hashem, 2005. "Estimation And Inference In Short Panel Vector Autoregressions With Unit Roots And Cointegration," Econometric Theory, Cambridge University Press, vol. 21(04), pages 795-837, August. [Downloadable!]
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