TEAM and Irish Steel : an application of the declining high-wage industries literature

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Title: TEAM and Irish Steel : an application of the declining high-wage industries literature
Authors: Barry, Frank
Durkan, Joe
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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 industriesProtectionTEAM Aer LingusIrish steel
Subject LCSH: Industrial policy--Ireland--Case studies
Wages--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Status of Item: Not peer reviewed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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