Trade Liberalization, the Exchange Rate and Job and Worker Flows in Brazil
AbstractOver the 1990â€™s Brazil experienced a massive trade liberalization and wide variation in the real exchange rate. At the same time, employment growth was small and in manufacturing there was a significant reduction in total manufacturing. The main goal of this article is to idntify the effects of the exchange rate and trade liberalization on job and worker flows in Brazil. Using a novel sector exchange rate measure, our results suggest that a depreciation of the exchange rate affects net employment growth by increasing job creation and hires, with no effect on job reallocation. Tariffs have no effect on job or worker flows, while import penetration decrease job growth by increasing job destruction. The results suggest that the exchange rate have a very important role on job and worker flows, even after controlling for openess and sector specificities
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Bibliographic InfoPaper provided by Econometric Society in its series Econometric Society 2004 Latin American Meetings with number 296.
Date of creation: 11 Aug 2004
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job and worker flows ; trade liberalization ; exchange rate; Brazil;
Other versions of this item:
- Eduardo Pontual Ribeiro & Carlos H. Corseuil & Daniel Santos & Paulo Furtado & Brunu Amorim & Luciana Servo & André Souza, 2004. "Trade Liberalization, The Exchange Rate And Job And Worker Flows In Brazil," Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32th Brazilian Economics Meeting] 153, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
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