01666cas a2200241 a 4500 AALejournalIMF007546 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858150 1018-5941 BD-DhAAL BD-DhAAL Clifton, Eric. The Decline of Traditional Sectors in Israel : The Role of the Exchange Rate and the Minimum Wage / Eric Clifton. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/167 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/167/001.1998.issue-167-en.xml IMF e-Library