Wage and Price Control Policies in Socialist Transitional Economies

M Fardmanesh

Working Papers from Yale - Economic Growth Center

Abstract: 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.

Keywords: PRODUCTION; EMPLOYMENT; REGULATION; PRICE CONTROL (search for similar items in EconPapers)
JEL-codes: E23 E24 G18 (search for similar items in EconPapers)
Pages: 40 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:yalegr:761

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