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The objective of this paper is to learn about the effects of the adjustment costs, economic growth, imports and exports … econometrics estimates showed the following results: (i) the labor market adjustment costs are very higher; (ii) the adjustment …
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This article measures the impact of trade adjustment on the growth in the Korean economy. Using principal components trade adjustments are found to significantly explain the rate of growth over the period of 1989-2004. We also focused on the case of bilateral trade with China
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