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 pr...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
1998
|
| Series: | IMF Working Papers
Working Paper No. 98/167 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | 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 led to relatively larger increases in unit labor costs compared with high-tech sectors. Although the links are only indicative, the evidence also suggests that the minimum wage has played a role in the relatively faster growth in unit labor costs |
| Physical Description: | 1 Online-Ressource (24 p) |
| ISBN: | 1451858159 9781451858150 |
Staff View
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| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:34Z |
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| spelling | Clifton, Eric V. Verfasser aut The Decline of Traditional Sectors in Israel The Role of the Exchange Rate and the Minimum Wage Clifton, Eric V Washington, D.C International Monetary Fund 1998 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/167 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 led to relatively larger increases in unit labor costs compared with high-tech sectors. Although the links are only indicative, the evidence also suggests that the minimum wage has played a role in the relatively faster growth in unit labor costs Online-Ausg http://elibrary.imf.org/view/IMF001/06868-9781451858150/06868-9781451858150/06868-9781451858150.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Clifton, Eric V. The Decline of Traditional Sectors in Israel The Role of the Exchange Rate and the Minimum Wage |
| title | The Decline of Traditional Sectors in Israel The Role of the Exchange Rate and the Minimum Wage |
| title_auth | The Decline of Traditional Sectors in Israel The Role of the Exchange Rate and the Minimum Wage |
| title_exact_search | The Decline of Traditional Sectors in Israel The Role of the Exchange Rate and the Minimum Wage |
| title_exact_search_txtP | The Decline of Traditional Sectors in Israel The Role of the Exchange Rate and the Minimum Wage |
| title_full | The Decline of Traditional Sectors in Israel The Role of the Exchange Rate and the Minimum Wage Clifton, Eric V |
| title_fullStr | The Decline of Traditional Sectors in Israel The Role of the Exchange Rate and the Minimum Wage Clifton, Eric V |
| title_full_unstemmed | The Decline of Traditional Sectors in Israel The Role of the Exchange Rate and the Minimum Wage Clifton, Eric V |
| title_short | The Decline of Traditional Sectors in Israel |
| title_sort | the decline of traditional sectors in israel the role of the exchange rate and the minimum wage |
| title_sub | The Role of the Exchange Rate and the Minimum Wage |
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