Preliminary communication

REAL WAGES IN THE MANUFACTURING INDUSTRY IN MACEDONIA: THE ROLE OF MACROECONOMIC FACTORS, WITH REFERENCE TO RECESSION TIMES

Marjan Petreski
Nikica Mojsoska-Blazevski

Abstract

In this paper we analyze the determinants of real
wages in Macedonia’s manufacturing sector. We emphasize
the macroeconomic aspects involved, and
use econometric panel data techniques to model the
behaviour of real wages for the period 2005-2010, using
monthly data. We find non-negligible persistence
of real wages. We further find a role for overall unemployment,
real exchange rate and the tariff index in
determining real wages.

Keywords

real wages; Macedonia; panel data; Generalized Method of Moments

Hrčak ID:

113966

URI

https://hrcak.srce.hr/113966

Publication date:

1.12.2013.

Article data in other languages: croatian

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