@TechReport{iza:izadps:dp4164,
            	author={Michel, Bernhard and Rycx, François},
            	title={Does Offshoring of Materials and Business Services Affect Employment? Evidence from a Small Open Economy},
            	year={2009},
	month={May},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={4164},
            	url={https://www.iza.org/publications/dp4164},
	abstract={The fear of massive job losses has prompted a fast-growing literature on offshoring and its impact on employment in advanced economies. This paper examines the situation for Belgium. It improves the offshoring intensity measure by computing a volume measure of the share of imported intermediates in output and it is among the first to address both materials and business services offshoring to high-wage and low-wage countries. Estimations of static and dynamic industry-level labour demand equations augmented by offshoring intensities do not reveal a significant impact of either materials or business services offshoring on total employment for Belgium between 1995 and 2003.},
	keywords={supply and use tables;imported intermediate inputs;industry-level employment;panel data;offshoring;labour demand equations},
            }