Wage and Price Control Policies in Socialist Transitional Economies
AbstractThis paper reveals the important micro role of the price-wage control policies at the early stage of the liberalization in the "real- adjustment" of the transitional economy. It demonstrates that, with labor immobile at the initial stage of the liberalization, a strict control on the price of the non-tradables and the wage rate could minimize the fall in employment and production in the contracting manufacturing sector.
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Bibliographic InfoPaper provided by Yale - Economic Growth Center in its series Papers with number 761.
Length: 40 pages
Date of creation: 1996
Date of revision:
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Postal: U.S.A.; YALE UNIVERSITY, ECONOMIC GROWTH CENTER, YALE STATION NEW-HAVEN CONNECTICUT 06520 U.S.A
Phone: (203) 432-3610
Fax: (203) 432-3898
Web page: http://www.econ.yale.edu/~egcenter/
More information through EDIRC
PRODUCTION; EMPLOYMENT; REGULATION; PRICE CONTROL;
Find related papers by JEL classification:
- E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
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