The response of industry employment to exchange rate shocks: evidence from panel cointegration

Authors: Hatemi-J, Abdulnasser¹; Irandoust, Manuchehr²

Source: Applied Economics, Volume 38, Number 4, Number 4/10 March 2006 , pp. 415-421(7)

Publisher: Routledge, part of the Taylor & Francis Group

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Abstract:

This study investigates the long-run relationship between employment and exchange rate shocks at the industry level for France. Using panel unit roots and panel cointegration analysis, it is found that the French industries are quite sensitive to exchange rate changes. The estimated long-run elasticities reveal that exchange rates do influence industry employment in the expected way, that is, real appreciations are associated with decline in manufacturing for all industries in the sample.

Document Type: Research article

DOI: http://dx.doi.org/10.1080/00036840500392243

Affiliations: 1: Department Economics, Dohuk University, Iraqi Kurdistan and Department of Financial Economics, University of Skövde, P.O. Box 408, SE-541 28, Skövde, Sweden 2: Department of Economics, University of Örebro, SE-701 82, Örebro, Sweden

Publication date: 2006-03-10

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