An assessment of three measures of competitiveness

被引:20
作者
Marsh, IW [1 ]
Tokarick, SP [1 ]
机构
[1] INT MONETARY FUND,WESTERN HEMISPHERE DEPT,WASHINGTON,DC 20431
来源
WELTWIRTSCHAFTLICHES ARCHIV-REVIEW OF WORLD ECONOMICS | 1996年 / 132卷 / 04期
关键词
D O I
10.1007/BF02707590
中图分类号
F [经济];
学科分类号
02 ;
摘要
An Assessment of Three Measures of Competitiveness. - This paper discusses three indicators of competitiveness: real exchange rates based on consumer price indices, export unit values of manufacturing goods, and normalized unit labour costs 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 how each one of these indicators is related to each other. It then examines the empirical performance of each in terms of its ability to explain trade flows. The conclusion is that in examining an issue as complex as trade competitiveness, the use of one indicator is suboptimal.
引用
收藏
页码:700 / 722
页数:23
相关论文
共 18 条
[1]  
[Anonymous], 1984, 29 INT MON FUND
[2]  
BURDA MC, 1992, AM ECON REV, V82, P1234
[3]   SEVERAL TESTS FOR MODEL-SPECIFICATION IN THE PRESENCE OF ALTERNATIVE HYPOTHESES [J].
DAVIDSON, R ;
MACKINNON, JG .
ECONOMETRICA, 1981, 49 (03) :781-793
[4]  
Durand Mattine, 1987, OECD EC STUDIES, V9, P147
[5]  
Enoch C. A, 1978, BANK ENGLAND Q B, V18, P181
[6]  
Goldstein M, 1985, HDB INT EC, VII
[7]  
HOOPER P, 1993, 456 BOARD GOV FED RE
[8]   INCOME AND PRICE ELASTICITIES IN WORLD TRADE [J].
HOUTHAKKER, HS ;
MAGEE, SP .
REVIEW OF ECONOMICS AND STATISTICS, 1969, 51 (02) :111-125
[9]  
KHAN MS, 1986, EC ADJUSTMENT EXCHAN
[10]  
LIPSCHITZ L, 1991, 9125 INT MON FUND