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|z 9781451923551
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|a 1018-5941
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|a Krajnyak, Kornelia.
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|a Competitiveness in Transition Economies :
|b What Scope for Real Appreciation? /
|c Kornelia Krajnyak, Jeromin Zettelmeyer.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1997.
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|a 1 online resource (55 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper estimates equilibrium dollar wages for 15 transition economies. Equilibrium dollar wages are interpreted as full employment wages consistent with a country's physical and human capital endowment, and estimated by regressing actual dollar wages on productivity and human capital proxies in a short (1990-95) panel of 85 countries. The main results are: (i) equilibrium dollar wages have appreciated steadily in the Baltic countries and fast-reforming Central and Eastern European (CEE) transition economies, but have been flat in most CIS countries; and (ii) 1996 actual dollar wages remain below estimated equilibrium dollar wages for most but not all transition countries covered.
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|a Mode of access: Internet
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|a Zettelmeyer, Jeromin.
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|a IMF Working Papers; Working Paper ;
|v No. 1997/149
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1997/149/001.1997.issue-149-en.xml
|z IMF e-Library
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