Conference Proceedings


J. Peter Neary



the irish economy ireland walsh brendan m economic theory competitiveness university college dublin index numbers real exchange rates

Measuring competitiveness (2006)

Abstract An earlier version was presented at the Conference on Macroeconomic Perspectives in Honour of Brendan M. Walsh, held at University College Dublin on 7 October, 2005 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 which highlight the potential exposure of the Irish economy to fluctuations in the euro-sterling exchange rate.
Collections Ireland -> Trinity College Dublin -> The Economic and Social Review, Vol. 37, No. 2, Summer/Autumn, 2006
Ireland -> Trinity College Dublin -> Economic and Social Review
Ireland -> Trinity College Dublin -> Economic and Social Review Archive: Complete Collection 1969-

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J. Peter Neary

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J. Peter Neary
University College Dublin
Total Publications: 79