ABSTRACT
The method aims at simulating the outcome which will result by an immediate move into an open free market system. International prices of tradeable goods which are bound to prevail with some adjustment, after the transition, form the basis of the exercise. The firms, given international prices and wage rate in a foreign currency unit (say $), will estimate their output, sales (to local or export markets), profits, etc. in $ terms, the following year and a year after. Alternative wage rates will give different outcomes, and with the help of Central Plan Bureau (CPB), the policy making body will choose the best feasible scenario.
