Competitiveness in Transition Economies : What Scope for Real Appreciation? /

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 proxie...

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Bibliographic Details
Main Author: Krajnyak, Kornelia
Other Authors: Zettelmeyer, Jeromin
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997.
Series:IMF Working Papers; Working Paper ; No. 1997/149
Online Access:Full text available on IMF