04700oam 22012734 450 991082278720332120240410162745.01-4623-5787-31-4527-3803-31-282-39202-697866138204571-4519-0922-5(CKB)3360000000443085(EBL)3014481(SSID)ssj0000942125(PQKBManifestationID)11505491(PQKBTitleCode)TC0000942125(PQKBWorkID)10973692(PQKB)10533678(OCoLC)694141157(MiAaPQ)EBC3014481(IMF)WPIEE2006209(EXLCZ)99336000000044308520020129d2006 uf 0engur|n|---|||||txtccrMeasuring Competitiveness /J. Peter Neary1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (21 p.)IMF Working Papers"September 2006."1-4518-6469-8 Includes bibliographical references.""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""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.IMF Working Papers; Working Paper ;No. 2006/209CompetitionEconometric modelsIndex numbers (Economics)Finance: GeneralimfForeign ExchangeimfLaborimfMacroeconomicsimfGeneral Financial Markets: General (includes Measurement and Data)imfPrice LevelimfInflationimfDeflationimfEmploymentimfUnemploymentimfWagesimfIntergenerational Income DistributionimfAggregate Human CapitalimfAggregate Labor ProductivityimfMethodology for Collecting, Estimating, and Organizing Macroeconomic DataimfData AccessimfFinanceimfCurrencyimfForeign exchangeimfLabourimfincome economicsimfCompetitionimfReal effective exchange ratesimfConsumer price indexesimfCost of livingimfPrice indexesimfEconomic theoryimfCost and standard of livingimfIrelandEconomic conditionsIrelandimfCompetitionEconometric models.Index numbers (Economics)Finance: GeneralForeign ExchangeLaborMacroeconomicsGeneral Financial Markets: General (includes Measurement and Data)Price LevelInflationDeflationEmploymentUnemploymentWagesIntergenerational Income DistributionAggregate Human CapitalAggregate Labor ProductivityMethodology for Collecting, Estimating, and Organizing Macroeconomic DataData AccessFinanceCurrencyForeign exchangeLabourincome economicsCompetitionReal effective exchange ratesConsumer price indexesCost of livingPrice indexesEconomic theoryCost and standard of livingNeary J. Peter128674International Monetary Fund.Research Dept.DcWaIMFBOOK9910822787203321Measuring Competitiveness3998556UNINA