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TEAM and Irish Steel : an application of the declining high-wage industries literature
Author(s)
Date Issued
1995-07
Date Available
2010-01-15T16:31:41Z
Abstract
Since wage stickiness generates unemployment or intersectoral labour transfer in excess of that associated with a flexible-wage adjustment process, it is frequently argued that declining industries should be subsidised to some extent to replicate the behaviour of undistorted economies. We discuss three arguments against this "traditional" viewpoint, and find that each applies in the cases of Irish Steel and Team Aer Lingus. Intervention, we find, far from alleviating the competitiveness problems that these sectors face, actually worsens them.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP95/10
Classification
D61
E24
J51
R13
Subject – LCSH
Industrial policy--Ireland--Case studies
Wages--Ireland--Case studies
Trade adjustment assistance
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
File(s)
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Name
wp95_10.pdf
Size
508.47 KB
Format
Adobe PDF
Checksum (MD5)
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