The Decline of Traditional Sectors in Israel : The Role of the Exchange Rate and the Minimum Wage

The Role of the Exchange Rate and the Minimum Wage

The Decline of Traditional Sectors in Israel : The Role of the Exchange Rate and the Minimum Wage
This paper examines the role of exchange rate appreciation and the minimum wage in the relative decline of traditional sectors in Israel. It finds little evidence to indicate that real exchange rate appreciation is primarily responsible for this decline. Rather, the evidence indicates that slower productivity growth in traditional sectors has... READ MORE...

Publication date: December 1998
ISBN 9781451858150
$15.00

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