TY - BOOK ID - 11271639 TI - Measuring Competitiveness AU - Neary, J. Peter. AU - International Monetary Fund. PY - 2006 SN - 1451864698 1462357873 1451909225 9786613820457 1452738033 1282392026 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Competition -- Econometric models. KW - Electronic books. -- local. KW - Index numbers (Economics). KW - Ireland -- Economic conditions. KW - Business & Economics KW - Economic Theory KW - Competition KW - Index numbers (Economics) KW - Econometric models. KW - Ireland KW - Economic conditions. KW - Numbers, Index KW - Competition (Economics) KW - Competitiveness (Economics) KW - Economic competition KW - Economic aspects KW - Economics KW - Prices KW - Economic indicators KW - Indexation (Economics) KW - Commerce KW - Conglomerate corporations KW - Covenants not to compete KW - Industrial concentration KW - Monopolies KW - Open price system KW - Supply and demand KW - Trusts, Industrial KW - Finance: General KW - Foreign Exchange KW - Labor KW - Macroeconomics KW - General Financial Markets: General (includes Measurement and Data) KW - Price Level KW - Inflation KW - Deflation KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data KW - Data Access KW - Finance KW - Currency KW - Foreign exchange KW - Labour KW - income economics KW - Real effective exchange rates KW - Consumer price indexes KW - Cost of living KW - Price indexes KW - Economic theory KW - Cost and standard of living KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:11271639 AB - 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. ER -