01813cas a2200253 a 4500 AALejournalIMF000495 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451923551 1018-5941 BD-DhAAL BD-DhAAL Krajnyak, Kornelia. Competitiveness in Transition Economies : What Scope for Real Appreciation? / Kornelia Krajnyak, Jeromin Zettelmeyer. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (55 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Zettelmeyer, Jeromin. IMF Working Papers; Working Paper ; No. 1997/149 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/149/001.1997.issue-149-en.xml IMF e-Library