TY - BOOK ID - 84540909 TI - Competitiveness in Transition Economies : What Scope for Real Appreciation? AU - Krajnyak, Kornelia. AU - Zettelmeyer, Jeromin. PY - 1997 SN - 1462366023 1452742138 1283571064 145190195X 9786613883513 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance: General KW - Foreign Exchange KW - Labor KW - Production and Operations Management KW - Empirical Studies of Trade KW - International Investment KW - Long-term Capital Movements KW - Open Economy Macroeconomics KW - Socialist Systems and Transitional Economies: General KW - Comparative Economic Systems: General KW - Wages, Compensation, and Labor Costs: General KW - Macroeconomics: Production KW - Human Capital KW - Skills KW - Occupational Choice KW - Labor Productivity KW - General Financial Markets: General (includes Measurement and Data) KW - Labour KW - income economics KW - Currency KW - Foreign exchange KW - Macroeconomics KW - Finance KW - Wages KW - Real exchange rates KW - Productivity KW - Human capital KW - Competition KW - Production KW - Financial markets KW - Industrial productivity KW - Czech Republic KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84540909 AB - 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. ER -