Abstract
The present paper contains the main findings of an empirical inquiry purporting to identify the major determinants of interindustry wage level differentials in Greek manufacturing, to quantify their relative significance and to trace their policy implications. The statistical estimates provide some evidence that the economic mechanism underlying the working of Greek industrial sector is inherently inflationary and inefficient, in the sense that it is causing mis-allocation of labour among industries; moreover, it is affecting the choice of techniques, the allocation of investment and the growth pattern of industry not in accordance with the relative scarcity of economic resources.
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