A Look at Leninism by Ron Taber

By Ron Taber

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Results summarized in table 24 confirm the high degree of de facto indexation to consumer prices and the responsiveness with respect to productivity changes. Moreover, real monetary balances of enterprises are important and statistically significant in affecting wage dynamics, supporting the relation between wage behavior and enterprise liquidity noted in cross−section analysis (see Calvo and Coricelli 1993). The aggregate behavior conceals important differences across sectors. 4 First, in line with the hypothesis of 4 AAA sectors display positive profits after tax; AA, positive profits before tax; A, losses even before tax.

Moreover, real monetary balances of enterprises are important and statistically significant in affecting wage dynamics, supporting the relation between wage behavior and enterprise liquidity noted in cross−section analysis (see Calvo and Coricelli 1993). The aggregate behavior conceals important differences across sectors. 4 First, in line with the hypothesis of 4 AAA sectors display positive profits after tax; AA, positive profits before tax; A, losses even before tax. This classification has been used by Pinto, Belka, and Krajewski (1993).

The American Economic Review 68:834−46. Galasi, P. 1993. Unemployment Benefit, Wages and Job Search Intensity. Working Paper 8, lLO/Japan Project, November, Budapest. Godfrey, M. 1993. Elôzetes jelentés a munkanélküliek és a munkaerôpiaci programok résztvevôi körében 1992. október−novemberben lebonyolitott reprezentativ adatfelvétel eredményeirôl (Preliminary report on a representative survey of the unemployed and of the participants of active labor market policy programs). Országos Munkaerôpiaci K¨zpont, Budapest: ILO.

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