Dual Inflation Under the Currency Board: The Challenges of Bulgarian EU Accession

William Davidson Institute Working Paper 487

Table 2. Rigidity of real wages in Bulgaria by sectors.

Sectors with flexible wages	Sectors with rigid wages
Trade	Heavy industry
Hotels and Restaurants	Gas and Petrol industry
Construction	Health services
Paper and Printing industry	Education
Food industry	R&D
Real estate activities Financial intermediation Chemical industry Agriculture (relatively flexible)	Public administration

Sources: For Bulgaria (Nenovsky and Koleva, 2001), for the others countries Vinals and Jimeno, 1998, p.

23).

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