Imre Ferto is based in the Institute of Economics, Budaorsi ut 45, Budapest H-1112, Hungary and the Department of Agricultural Economics and Rural Development, Corvinus University of Budapest, Hungary. E-mail: firstname.lastname@example.org for correspondence. The author thanks two anonymous reviewers and the editors of the JAE for comments on earlier drafts and also gratefully acknowledges financial support from the Hungarian Scientific Research Fund No. 37868 ‘The International Agricultural Trade: Theory and Practice’.
Labour Market Adjustment and Intra-Industry Trade: The Effects of Association on the Hungarian Food Industry
Version of Record online: 9 APR 2009
© 2009 The Author. Journal compilation © 2009 The Agricultural Economics Society
Journal of Agricultural Economics
Volume 60, Issue 3, pages 668–681, September 2009
How to Cite
Ferto, I. (2009), Labour Market Adjustment and Intra-Industry Trade: The Effects of Association on the Hungarian Food Industry. Journal of Agricultural Economics, 60: 668–681. doi: 10.1111/j.1477-9552.2009.00201.x
- Issue online: 10 AUG 2009
- Version of Record online: 9 APR 2009
- (Original submitted March 2008, revision received October 2008, accepted February 2009.)
- Food industry;
- intra-industry trade;
- labour market adjustment;
- trade liberalisation
The structure of Hungary’s food trade expansion over the period 1995–2003 and its implications for labour market adjustment are examined. The contributions of the paper are threefold. First, we test the sensitivity of results to the choice of measurement and their implications for the results. Second, we introduce more industry-specific control variables. Third, we distinguish the short- and long-run adjustment effects. Our results provide some support for the smooth-adjustment hypothesis of intra-industry trade. Estimations confirm that industry-specific variables may have a significant effect on adjustment costs.