TY - JOUR
T1 - The response of industry employment to exchange rate shocks
T2 - Evidence from panel cointegration
AU - Hatemi-J., Abdulnasser
AU - Irandoust, Manuchehr
PY - 2006/3/10
Y1 - 2006/3/10
N2 - This study investigates the long-run relationship between employment and exchange rate shocks at the industry level for France. Using panel unit roots and panel cointegration analysis, it is found that the French industries are quite sensitive to exchange rate changes. The estimated long-run elasticities reveal that exchange rates do influence industry employment in the expected way, that is, real appreciations are associated with decline in manufacturing for all industries in the sample.
AB - This study investigates the long-run relationship between employment and exchange rate shocks at the industry level for France. Using panel unit roots and panel cointegration analysis, it is found that the French industries are quite sensitive to exchange rate changes. The estimated long-run elasticities reveal that exchange rates do influence industry employment in the expected way, that is, real appreciations are associated with decline in manufacturing for all industries in the sample.
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U2 - 10.1080/00036840500392243
DO - 10.1080/00036840500392243
M3 - Article
AN - SCOPUS:33745084700
SN - 0003-6846
VL - 38
SP - 415
EP - 421
JO - Applied Economics
JF - Applied Economics
IS - 4
ER -