Measuring Competitiveness /

This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark for estimated real effective exchange rates, but differ from standard measures in...

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ग्रंथसूची विवरण
मुख्य लेखक: Neary, J. Peter
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2006.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2006/209
ऑनलाइन पहुंच:Full text available on IMF
विवरण
सारांश:This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark for estimated real effective exchange rates, but differ from standard measures in that they are based on marginal rather than average sectoral shares in GDP or employment. The use of the new indices is illustrated by some simple calculations that highlight the potential exposure of the Irish economy to fluctuations in the euro-sterling exchange rate.
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भौतिक वर्णन:1 online resource (21 pages)
स्वरूप:Mode of access: Internet
आईएसएसएन:1018-5941
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