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57 million adjustment costs avoided adjustment period average turnover rate BFMF Brenton and Winters British footwear industry British Footwear Manufacturer's capital stock CEPR Discussion Papers claimants on jobs co-efficients decline demand for labour displaced labour displaced workers due to turnover Duke of York dummy variable effects elasticities equation estimate of adjustment factories factors of production footwear firms footwear imports Footwear Manufacturer's Federation footwear production footwear sector footwear types footwear workers import restrictions increase jobs that open Kilmarnock Korea l6.9 percent LABOUR ADJUSTMENT COSTS labour displacement labour market labour turnover data leather footwear Leather Non-leather losses non-leather footwear open up due opportunity cost output and employment output of non-leather output prices piecework pool of unemployed profit function quantitative restrictions reemployed relatively residual claimants restrictions on footwear Rubery l982 social adjustment costs social cost Taiwan trade trade-displaced workers UK footwear UK output weighted average turnover Winters l989 workers are re-employed workers displaced