1.

Record Nr.

UNINA9910970505403321

Autore

Neary J. Peter

Titolo

Measuring Competitiveness / / J. Peter Neary

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613820457

9781462357871

1462357873

9781452738031

1452738033

9781282392021

1282392026

9781451909227

1451909225

Edizione

[1st ed.]

Descrizione fisica

1 online resource (21 p.)

Collana

IMF Working Papers

Soggetti

Competition - Econometric models

Index numbers (Economics)

Aggregate Human Capital

Aggregate Labor Productivity

Competition

Consumer price indexes

Cost and standard of living

Cost of living

Currency

Data Access

Deflation

Economic theory

Employment

Finance

Finance: General

Foreign Exchange

Foreign exchange

General Financial Markets: General (includes Measurement and Data)

Income economics

Inflation

Intergenerational Income Distribution

Labor

Labour



Macroeconomics

Methodology for Collecting, Estimating, and Organizing Macroeconomic Data

Price indexes

Price Level

Real effective exchange rates

Unemployment

Wages

Ireland Economic conditions

Ireland

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"September 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. MEASURING THE COST OF LIVING""; ""III. TRUE REAL EFFECTIVE EXCHANGE RATES""; ""IV. AN APPLICATION: THE IRISH ECONOMY'S EXPOSURE TO STERLING""; ""V. CONCLUSION""; ""Appendix""; ""References""

Sommario/riassunto

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.