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Measuring Competitiveness Author info | Abstract | Publisher info | Download info | Related research | Statistics J. Peter Neary
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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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Paper provided by International Monetary Fund in its series IMF Working Papers with number
06/209.
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Length: 21 pages
Date of creation: 27 Sep 2006Date of revision:
Handle: RePEc:imf:imfwpa:06/209Contact details of provider: Postal: International Monetary Fund, Washington, DC USA Phone: (202) 623-7000 Fax: (202) 623-4661 Email: Web page: http://www.imf.org/external/pubind.htm More information through EDIRC
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Keywords: Competitiveness economic theory of index numbers European Monetary Union (EMU) real effective exchange rates (REERs) Other versions of this item:
This paper has been announced in the following NEP Reports :
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Oxford Economic Papers ,
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Yuan Xiao & Marialuz Moreno-Badia & Werner Schule & Herman Z. Bennett & Julio Escolano & Stefania Fabrizio & Eva Gutierrez & Bogdan Lissovolik & Stephen Tokarick & Iryna V. Ivaschenko, 2008.
"Competitiveness in the Southern Euro Area: France, Greece, Italy, Portugal, and Spain ,"
IMF Working Papers
08/112, International Monetary Fund.
[Downloadable!]
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