Wages were inflated, where the base year was not 1997, using the CPI data reported in International Financial Statistics , International Monetary Fund, May 1998. Inflator rate was calculated by dividing Consumer Price Index for 1997 by the Consumer Price Index for the year the wage rate was reported. Rates as reported in International Financial Statistics , International Monetary Fund, May 1998. Rates are market average for the entire year. See Selected World Development Indicators 1999 for further information.
Regression analysis is ordinary least squares analysis.