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Wincenciak Leszek E. (University of Warsaw, Poland)
Employment Response to Real Exchange Rate Fluctuations : Evidence from Polish Manufacturing, 1993-2001
Emergo. Journal of Transforming Economies and Societies, 2003, vol. 10, no. 3, s. 56-68, tab., rys., bibliogr. 32 poz.
Słowa kluczowe
Zatrudnienie, Zmienność kursu walutowego, Sektor przedsiębiorstw, Analiza danych statystycznych
Employment, Exchange rate variability, Manufacturing sector, Statistical data analysis
The goal of the paper is to find the adjustment of manufacturing employment to real exchange rate movements. I divide sub-sectors into two groups: tradable and non-tradable. The first is then decomposed into export-oriented and import-competing. The criterion of division is taken from Gourinchas (1999) and the analysis of adjustment is conducted in line with this division. I suspect that the pattern of response differs substantially among those selected sub-sectors. As an analytical framework, I use a very simple model proposed by Burgess and Knetter (1996), with some variations. The rest of this paper is organized as follows: section I provides short review of recent literature and formulates basic theoretical assumptions; section II presents the model framework; section III describes the data used to estimate the model; and section IV presents empirical results and a commentary. The paper ends with a summary, bibliography, tables and figures. (fragment of text)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
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  5. Branson, W. H. and Love, J. P. (1987) "The Real Exchange Rate and Employment in US Manufacturing: State and Regional Results". NBER WP 2435, XI
  6. Branson, W. H. and Love, J. P. (1988) "The Real Exchange Rate, Employment and Output in Manufacturing in the US and Japan". NBER WP 2491,1
  7. Burgess, S. and Knetter, M. M. (1996) "An International Comparison of Employment Adjustment to Exchange Rate Fluctuations". NBER WP 5861, XII
  8. Campa, J. M. and Goldberg L. S. (1998) "Employment Versus Wage Adjustment and the US Dollar". NBER
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  11. Clarida, R. and Gali, J. (1994) "Sources of Real Exchange Rate Fluctuations. How Important are Nominal Shocks?". NBER WP 4658, II
  12. Davis, S. J. and Haltiwanger, J. (1990) "Gross Job Creation and Destruction. Microeconomic Evidence and Macroeconomic Implications". NBER
  13. Davis, S. J. and Haltiwanger, J. (1999) "Sectoral Job Creation and Destruction Responses to Oil Price Changes". NBER
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  15. Goldberg, L. S. and Tracy, J. (2001) "Exchange Rates and Wages". NBER
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  23. Klein, M. W, Schuh, S. and Triest, R. K. (2000) "Job Creation, Job Destruction and the Real Exchange Rate". NBER WP 7466,1
  24. Knetter, M. (1992) "International Comparisons of Pricing-to-Market Behavior". NBER WP 4098, VI
  25. Koren, M. (2001) "Employment Response to Real Exchange Rate Movements: Evidence From Hungarian Exporting Firms"
  26. Mariani, F. and Padoan, P. C. (2001) "Exchange Rate Regimes and Employment in Transition. Theoretical and Empirical Aspects"
  27. Nickell, S. (1986) "Dynamic Models of Labour Demand" in Handbook of Labor Economics, chapter 9
  28. OECD (2001) "Indicators of Industry and Services",
  29. Pizatti, L. (2002) "Labor Market Implications of Switching the Currency Peg in a General Equilibrium Model for Lithuania". The World Bank Europe and Central Asia Poverty Reduction and Economic Management Sector Unit
  30. Revenga, A. (1992) "Exporting Jobs? The Impact of Import Competition on Employment and Wages in US Manufacturing". Quarterly Journal of Economics 107(1)
  31. Slaughter, M. J. (2001) "International Trade and Labor-Demand Elasticities". Journal of International Economics 54: 27-56
  32. Tomiura, E. (2001) "The Impact of Import Competition on Japanese Manufacturing Employment". Kobe University
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