Measuring competitiveness

Arbeitspapier

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 di¤er 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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: UCD Centre for Economic Research Working Paper Series ; No. WP05/21

Classification and Topics

• Classification: Wirtschaft ; Macroeconomic Aspects of International Trade and Finance: General ; Index Numbers and Aggregation; Leading indicators
• Subject: competitiveness ; economic theory of index numbers ; European Monetary Union (EMU) ; real effective exchange rates (REERs) ; Internationaler Wettbewerb ; Messung ; Lebenshaltungskosten ; Kaufkraftparität ; Theorie ; Indexberechnung

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Neary, J. Peter
• Event: Veröffentlichung
• (who): University College Dublin, UCD School of Economics
• (where): Dublin
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/72440
• Last update: 10.03.2025, 11:42 AM CET