Abstract

http://ssrn.com/abstract=142808
 


 



Importing Jobs or Exporting Firms? A Close Look at the Labour Market Implications of Italy's Trade and Foreign Direct Investment Flows


Alessandro Turrini


European Commission; Centre for Economic Policy Research (CEPR)

Rodolfo Helg


Cattaneo University - LIUC ; CESPRI / KITeS Bocconi University

Marzio Galeotti


University of Milan - Department of Economics, Business and Statistics (DEAS); Bocconi University - IEFE Centre for Research on Energy and Environmental Economics and Policy

Riccardo Faini


Deceased

Anna M. Falzoni


Universita di Bergamo

December 1998

CEPR Discussion Paper Series Number 2033

Abstract:     
International economic integration is often blamed for the deteriorating fortunes of unskilled workers in industrial countries. We look at the labour market impact of trade and foreign direct investment in the case of Italy. Our empirical framework allows for trade, technology and factor supply effects. We find that international trade did not contribute to Italy's labour market problems. Indeed, given that Italy holds quite a distinct pattern of trade specialization, compared to other industrialized countries, international integration as reflected in falling import prices may have boosted the demand for labour there. We also argue that the inability of the Mezzogiorno's economy to adjust to the changing international environment is one of the main stumbling blocks in Italy's economy. Finally, we find that greater firm's mobility may have weakened the power of trade unions and contributed to wage moderation.

JEL Classification: F16, F23

working papers series


Not Available For Download

Date posted: March 30, 1999  

Suggested Citation

Turrini, Alessandro and Helg, Rodolfo and Galeotti, Marzio and Faini, Riccardo and Falzoni, Anna M., Importing Jobs or Exporting Firms? A Close Look at the Labour Market Implications of Italy's Trade and Foreign Direct Investment Flows (December 1998). CEPR Discussion Paper Series Number 2033. Available at SSRN: http://ssrn.com/abstract=142808

Contact Information

Alessandro Turrini (Contact Author)
European Commission ( email )
Office BU-10/113
B-1049 Brussels
Belgium
+32 2 299 5072 (Phone)
+32 2 299 3505 (Fax)
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Rodolfo Helg
Cattaneo University - LIUC ( email )
Institute of Economics
corso Matteotti 22
Castellanza (VA), 21053
Italy
+39 0331 572279 (Phone)
+39 0331 572229 (Fax)
CESPRI / KITeS Bocconi University ( email )
Via Röntgen 1
Milan, MI 20136
Italy
+390258365408 (Phone)
Marzio Galeotti
University of Milan - Department of Economics, Business and Statistics (DEAS) ( email )
7 via Conservatorio
I-20122 Milano
Italy
+39-2-50321534 (Phone)
+39-2-50321505 (Fax)
Bocconi University - IEFE Centre for Research on Energy and Environmental Economics and Policy ( email )
via Rontgen
Milan, 20123
Italy
+39-2-58362340 (Phone)
HOME PAGE: http://www.iefe.unibocconi.it
Riccardo Faini (deceased)
Deceased
N/A
Anna M. Falzoni
Universita di Bergamo ( email )
Via Salvecchio, 19
Bergamo, 24129
Italy
Feedback to SSRN


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