Journal article
Measuring competitiveness
- Abstract:
- 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 the Irish economy to fluctuations in the euro-sterling exchange rate.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
Actions
Authors
- Publisher:
- Economic & Social Research Institute
- Journal:
- Economic and Social Review More from this journal
- Volume:
- 37
- Issue:
- 2
- Pages:
- 197-213
- Publication date:
- 2006-01-01
- ISSN:
-
0012-9984
- Language:
-
English
- Keywords:
- UUID:
-
uuid:5910aac9-9f68-449e-a126-79db6388ce1a
- Local pid:
-
oai:economics.ouls.ox.ac.uk:10468
- Deposit date:
-
2011-08-16
Terms of use
- 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.
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