Modeling the Timing of Trade Adjustment: A Piecewise Linear Trend Approach with Financial and Labor Frictions

This paper studies the dynamic adjustment of bilateral trade following Economic Integration Agreements (EIAs) and examines how financial development and labor market rigidity moderate the timing of trade responses. We approximate the event time adjustment path using a Piecewise Linear Trend (PLT) sp...

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Autor principal:	Jae Wook Jung
Formato:	Artigo
Idioma:	Inglês
Publicado em:	MDPI AG 2026-03-01
coleção:	Mathematics
Assuntos:	piecewise linear trend dynamic trade adjustment economic integration agreements financial frictions labor market rigidity Hummels–Klenow decomposition
Acesso em linha:	https://www.mdpi.com/2227-7390/14/5/858
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