Lost protection and wages: Some time series evidence for the US

Copeland, Cassandra; Thompson, Henry
October 2008
International Review of Economics & Finance;Oct2008, Vol. 17 Issue 4, p603
Academic Journal
Abstract: This short note examines some time series evidence relating prices of exports and imports to the aggregate US wage over 34 years of falling tariffs starting in the mid 1960s. The cointegrated unit root series lead to error correction and vector autoregression models. The lost protection and changing traded prices lowered the US wage very slightly, by less than 1%.


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