It estimates elasticities and the econometric exercise confirms the element shared by all empirical studies, which is that long run price elasticity of the factors is larger than short run price elasticity It also shows how the reform has adverse effects on job creation on the short run, while on the long run it has no effects at all on the manufacturing labor demand.
Igualmente, muestra como en el corto plazo la reforma tiene efectos negativos sobre la creación de empleos, mientras que en el largo plazo la reforma no tiene efectos sobre la demanda laboral manufacturera.
Além disso, mostra como a curto prazo a reforma tem efeitos negativos sobre a criação de empregos, enquanto a longo prazo a reforma não tem efeitos sobre a demanda manufatureira.