TY  - RPRT
        AU  - Alexandre, Fernando
AU  - Bação, Pedro
AU  - Cerejeira, João
AU  - Portela, Miguel
        TI  - Manufacturing Employment and Exchange Rates in the Portuguese Economy: The Role of Openness, Technology and Labour Market Rigidity
        PY  - 2010/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5251
        UR  - https://www.iza.org/index.php/publications/dp5251
        AB  - In this paper, we explore empirically the role of openness, technology and labour market rigidity in the determination of the effect of the exchange rate on employment in Portugal. We develop an index that allows us to measure labour market flexibility at the sector level. This index shows that labour market flexibility has been increasing in all manufacturing sectors and that the labour market in high technology sectors is more flexible than in low technology sectors. We use this index in the estimation of an employment regression, focusing on the effect of exchange rate movements. Our estimates indicate that employment in low-technology sectors, with a high degree of trade openness and facing less rigidity in the labour market are more sensitive to movements in exchange rates.
        KW  - job flows
KW  - international trade
KW  - exchange rates
KW  - labour market rigidity
KW  - technology
        ER  -