01732cas a2200265 a 4500 AALejournalIMF013533 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484325803 1018-5941 BD-DhAAL BD-DhAAL Bayoumi, Tamim. Measuring Competitiveness : Trade in Goods or Tasks? / Tamim Bayoumi, Mika Saito, Jarkko Turunen. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (22 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 With global supply chains, any value added or production task can be traded as part of goods. This means that competitiveness can be measured either in terms of 'tasks' (Bems and Johnson, 2012), or goods, but with goods prices reflecting the cost of tasks embedded in those goods. We show that when measuring competitiveness in goods, the formula used in computing the real effective exchange rates at the IMF (Bayoumi, Lee, and Jayanthi, 2005) needs to be expressed in terms of the price of value added and needs an additional term, which captures a gain or loss in competitiveness of goods due to outsourcing. Mode of access: Internet Saito, Mika. Turunen, Jarkko. IMF Working Papers; Working Paper ; No. 2013/100 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/100/001.2013.issue-100-en.xml IMF e-Library