01570cas a2200241 a 4500 AALejournalIMF004289 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451864694 1018-5941 BD-DhAAL BD-DhAAL Neary, J. Peter. Measuring Competitiveness / J. Peter Neary. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (21 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 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/209 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/209/001.2006.issue-209-en.xml IMF e-Library