TEAM and Irish Steel : an application of the declining high-wage industries literature
|Title:||TEAM and Irish Steel : an application of the declining high-wage industries literature||Authors:||Barry, Frank
|Permanent link:||http://hdl.handle.net/10197/1778||Date:||Jul-1995||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.||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP95/10||Keywords:||Declining industries; Protection; TEAM Aer Lingus; Irish steel||Subject LCSH:||Industrial policy--Ireland--Case studies
Trade adjustment assistance
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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