Measuring competitiveness
By: prepared by J. Peter Neary.
Contributors: International Monetary Fund. Research Dept.
Series: IMF working paper -- WP/06/209
Publisher: International Monetary Fund, Research Dept.
Published: 2006
Place of publication: [Washington, D.C.]
Language: eng
Number of pages: 19
Subjects: Competition -- Econometric models.; Index numbers (Economics); Ireland -- Economic conditions.
Description: 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.
Notes: Caption title.

"September 2006."

Includes bibliographical references (p. 17-19).

Also available on the World Wide Web.