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Dynamics of intra-industry trade and adjustment costs. The case of Hungarian food industry

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  • Imre Ferto

Abstract

The structure of Hungary's food trade expansion over the transition period 1992 to 2002 and its implications for labour-market adjustment is examined. An econometric analysis of trade and employment data suggests that changes in domestic consumption and productivity have significant influence on employment changes. But our results do not provide support for the smooth-adjustment hypothesis of intra-industry trade.

Suggested Citation

  • Imre Ferto, 2008. "Dynamics of intra-industry trade and adjustment costs. The case of Hungarian food industry," Applied Economics Letters, Taylor & Francis Journals, vol. 15(5), pages 379-384.
  • Handle: RePEc:taf:apeclt:v:15:y:2008:i:5:p:379-384
    DOI: 10.1080/13504850600689949
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    Cited by:

    1. Varma, Poornima & Issar Akash, 2017. "Intra-Industry Trade and Labour Market Adjustment: Indian Manufacturing Sector," IIMA Working Papers WP 2017-04-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    2. Abdul Azhar & Robert Elliott, 2011. "A Measure of Trade Induced Adjustment in Volume and Quality Space," Open Economies Review, Springer, vol. 22(5), pages 955-968, November.
    3. Bojnec, Stefan & Ferto, Imre, 2016. "Patterns and Drivers of the Agri-Food Intra-Industry Trade of European Union Countries," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IFAMA), vol. 19(2).

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