Labour Market Adjustments to Exchange Rate Fluctuations: Evidence from Canadian Manufacturing Industries

被引：0
|
作者：
Danny Leung
Terence Yuen
机构：
[1] Bank of Canada,
[2] Research Department,undefined
来源：
Open Economies Review | 2007年 / 18卷
关键词：
Labour markets; Exchange rates; F4; E23;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper provides some of the first empirical evidence on labour market adjustments to exchange rate movements in Canadian manufacturing industries. Controlling for endogeneity using generalized method of moments estimation, it is found that during the 1981–1997 period, exchange movements have a substantial impact on labour input and that this impact has grown over time as the manufacturing industries have become more exposed to trade. In contrast, the exchange rate effect on real wages is estimated to be virtually zero for all manufacturing industries.
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页码：177 / 189
页数：12
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