Wage and Price Control Policies in Socialist Transitional Economies

This 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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Year of publication:	1996
Authors:	Fardmanesh, M
Institutions:	Economic Growth Center, Economics Department
Subject:	PRODUCTION \| EMPLOYMENT \| REGULATION \| PRICE CONTROL

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Series:	Yale - Economic Growth Center.
Type of publication:	Book / Working Paper
Notes:	40 pages
Classification:	E23 - Production ; E24 - Employment; Unemployment; Wages ; G18 - Government Policy and Regulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005783477