- Abstract:
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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 which highlight the potential exposure of...
Expand abstract - Publication status:
- Published
- Peer review status:
- Peer reviewed
- Version:
- Publisher's version
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(pdf, 101.5KB)
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- Publisher:
- Economic & Social Research Institute Publisher's website
- Journal:
- Economic and Social Review Journal website
- Volume:
- 37
- Issue:
- 2
- Pages:
- 197-213
- Publication date:
- 2006-01-01
- ISSN:
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0012-9984
- URN:
-
uuid:5910aac9-9f68-449e-a126-79db6388ce1a
- Local pid:
- oai:economics.ouls.ox.ac.uk:10468
- Language:
- English
- Keywords:
- Copyright holder:
- Economic and Social Review
- Copyright date:
- 2006
- Notes:
- This article has been made available under Creative Commons Attribution-NonCommercial-ShareAlike 1.0 Generic (CC BY-NC-SA 1.0) licence. An earlier version was presented at the Conference on Macroeconomic Perspectives in Honour of Brendan M. Walsh, held at University College Dublin on 7 October, 2005.
Journal article
Measuring competitiveness
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