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Assessing the Adequacy of Measures of Australia’s Price Competitiveness and Structural Change

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  • Don Harding

Abstract

This article provides a practitioner’s guide to measures of Australia’s international price competitiveness. Existing measures are found to be both theoretically and empirically deficient. An alternative measure is suggested and constructed.

Suggested Citation

  • Don Harding, 2001. "Assessing the Adequacy of Measures of Australia’s Price Competitiveness and Structural Change," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 34(4), pages 458-466, December.
    • Handle: RePEc:bla:ausecr:v:34:y:2001:i:4:p:458-466
    DOI: 10.1111/1467-8462.00215
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    References listed on IDEAS

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    1. Alison Tarditi, 1996. "Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations," RBA Research Discussion Papers rdp9608, Reserve Bank of Australia.
    2. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers," Economic Journal, Royal Economic Society, vol. 92(365), pages 73-86, March.
    3. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November.
    4. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
    5. Denny, Michael & Fuss, Melvyn, 1983. "A general approach to intertemporal and interspatial productivity comparisons," Journal of Econometrics, Elsevier, vol. 23(3), pages 315-330, December.
    6. Matthew T. Jones & Jenny Wilkinson, 1990. "Real Exchange Rates and Australian Export Competitiveness," RBA Research Discussion Papers rdp9005, Reserve Bank of Australia.
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    More about this item

    JEL classification:

    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

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