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Competitiveness in Transition Economies
Ms.Kornelia KrajnyakMr.Jeronimo Zettelmeyer
其他書名
What Scope for Real Appreciation?
出版International Monetary Fund, 1997-11-01
主題Business & Economics / Labor / GeneralBusiness & Economics / Foreign ExchangeBusiness & Economics / Production & Operations Management
ISBN14519235549781451923551
URLhttp://books.google.com.hk/books?id=aocYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋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.