Imports as product and labor market discipline
By: by Hervé Boulhol, Sabien Dobbelaere, Sara Maioli.
Contributors: Dobbelaere, Sabien.
Series: Discussion paper -- no. 2178; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2178
Publisher: IZA
Published: 2006
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Labor market -- Great Britain.; Competition -- Great Britain.; Great Britain -- Commerce.
Description: "This paper tests the pro-competitive effect of trade in the product and labor markets of UK manufacturing sectors between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty manufacturing sectors to simultaneously estimate mark-up and workers' bargaining power parameters according to sector, firm size and period. We find a significant drop in both the mark-up and the workers' bargaining power in the mid-nineties. In the second stage, we relate our parameters of interest to trade variables. Our results show that imports from developed countries have significantly contributed to the decrease in both mark-ups and workers' bargaining power"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 6/28/2006.

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