01950cas a2200253 a 4500 AALejournalIMF007446 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451922882 1018-5941 BD-DhAAL BD-DhAAL Turner, Anthony. Towards a System of Multilateral Unit Labor Cost-Based Competitiveness Indicators for Advanced, Developing, and Transition Countries / Anthony Turner, Stephen Golub. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (46 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 attempts to extend the range of countries covered by the IMF's multilateral real exchange rate indexes based on relative unit labor costs (REER-ULCs) in manufacturing. A data set was assembled that permits calculation of REER-ULCs for 23 newly industrialized, developing, and transition countries in addition to the 21 industrial countries covered by the current system. Although the results are mostly quite encouraging, they should be considered preliminary because of uncertainty about the reliability and comparability of the underlying data. Also, unit labor costs are not available on as timely a basis as consumer price indexes (CPIs), especially for nonindustrial countries. Thus, the ULC-based indicators should supplement rather than replace the current CPI-based system. Mode of access: Internet Golub, Stephen. IMF Working Papers; Working Paper ; No. 1997/151 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/151/001.1997.issue-151-en.xml IMF e-Library