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Real Wages in the Manufacturing Industry in Macedonia

The Role of Macroeconomic Factors, with Reference to Recession Times

Bibliographic Data

ID15067409
AuthorsMarjan Petreski (0000-0002-2675-8325, University American College Skopje), Nikica Mojsoska-Blazevski, Nikica Mojsoska‐Blazevski (University American College Skopje)
Year2013
Volume26
Issue4
Pages113-126
Publication date2013-01-01
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2013.11517634
OpenAlexW1705551821
LanguageEN

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

Econometric model · Econometrics · Economics · Exchange rate · International economics · Labour economics · Macroeconomics · Manufacturing sector · Panel data · Real wages · Recession · Tariff · Wage · Computer Science · Engineering · Global trade and economics

Highly citedNo

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