Competitiveness Indicators : A Theoretical and Empirical Assessment /

This paper discusses five indicators of competitiveness: real exchange rates based on consumer price indices, export unit values of manufacturing goods, the relative price of traded to nontraded goods, normalized unit labor costs in manufacturing, and the ratio of normalized unit labor costs to valu...

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Bibliografiska uppgifter
Huvudupphovsman: Marsh, Ian
Övriga upphovsmän: Tokarick, Stephen
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 1994.
Serie:IMF Working Papers; Working Paper ; No. 1994/029
Länkar:Full text available on IMF
Beskrivning
Sammanfattning:This paper discusses five indicators of competitiveness: real exchange rates based on consumer price indices, export unit values of manufacturing goods, the relative price of traded to nontraded goods, normalized unit labor costs in manufacturing, and the ratio of normalized unit labor costs to value-added deflators in manufacturing. It discusses how each of these measures is associated with changes in a country's balance of trade in goods and nonfactor services and examines the relationship among these indicators. It then examines the empirical performance of three of the indicators in terms of their ability to explain trade flows.
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Fysisk beskrivning:1 online resource (52 pages)
Materialtyp:Mode of access: Internet
ISSN:1018-5941
Tillgång:Electronic access restricted to authorized BRAC University faculty, staff and students