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Measuring competitiveness
Author(s)
Date Issued
11 November 2005
Date Available
28T13:22:19Z July 2009
Abstract
This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures derived from 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.
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP05/21
Classification
F40
C43
Subject – LCSH
Competition
Index numbers (Economics)
Economic and Monetary Union
Foreign exchange rates--Ireland
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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