English, Article edition: Competitiveness in Transition Economies: What Scope for Real Appreciation? Kornelia Krajnyak; Jeromin Zettelmeyer

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Competitiveness in Transition Economies: What Scope for Real Appreciation?
Author
  • Kornelia Krajnyak
  • Jeromin Zettelmeyer
Physical Description
  • article
Notes
  • RePEc:pal:imfstp:v:45:y:1998:i:2:p:4
  • We estimate equilibrium dollar wages for 15 transition economies of Central and Eastern Europe (CEE) and the former Soviet Union. 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: (1) equlibrium dollar wages have appreciated steadily in the Baltic countries and fast-reforming CEE transition economies, but have been flat in most CIS countries; and (2) 1996 actual dollar wages remain below estmated equilibrium dollar wages for most, but not all, transition economies covered. Copyright 1998, International Monetary Fund
  • RePEc:imf:imfstp:v:45:y:1998:i:2:p:4
Language
  • English
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