Measuring competitiveness

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Title: Measuring competitiveness
Authors: Neary, J. Peter
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Date: 11-Nov-2005
Online since: 2009-07-28T13:22:19Z
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/Report no.: UCD Centre for Economic Research Working Paper Series; WP05/21
Keywords: CompetitivenessEconomic theory of index numbersEuropean Monetary Union (EMU)Real effective exchange rates (REERs)
Subject LCSH: Competition
Index numbers (Economics)
Economic and Monetary Union
Foreign exchange rates--Ireland
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Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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