| Description |
1 online resource (22 pages) : color illustrations |
| Series |
IMF working paper ; WP/13/100 |
|
IMF working paper ; WP/13/100.
|
| Contents |
Cover; Abstract; Contents; I. Introduction; II. Model; III. Empirical Applications; A. Alternative REER Indices; B. Standard REER versus REER in Tasks; FIGURES; 1. Standard REER versus REER in Tasks; 2. Differences in Value-Added versus Gross Trade Weights; C. REER in Goods versus REER in Tasks; 3. REER in Goods versus REER in Tasks; 4. Change in REER: Tasks versus Goods, Adjusted; TABLES; 1: Dynamic Panel Data Analysis; IV. Concluding Remarks; REFERENCES; References |
| Summary |
"With global supply chains, any value added or production task can be traded as part of goods. This means that competitiveness can be measured either in terms of "tasks" (Bems and Johnson, 2012), or goods, but with goods prices reflecting the cost of tasks embedded in those goods. We show that when measuring competitiveness in goods, the formula used in computing the real effective exchange rates at the IMF (Bayoumi, Lee, and Jayanthi, 2005) needs to be expressed in terms of the price of value added and needs an additional term, which captures a gain or loss in competitiveness of goods due to outsourcing"--Abstract |
| Notes |
Title from PDF title page (IMF Web site, viewed May 14, 2013) |
|
"Strategy, Policy, and Review Department"--Page 2 of pdf |
|
"May 2013"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references (pages 20-21) |
| Notes |
English |
| Subject |
Competition -- Econometric models
|
|
Foreign exchange rates -- Econometric models
|
|
Prices -- Econometric models
|
|
Business logistics.
|
|
Contracting out.
|
|
Business logistics
|
|
Competition -- Econometric models
|
|
Contracting out
|
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Foreign exchange rates -- Econometric models
|
|
Prices -- Econometric models
|
| Form |
Electronic book
|
| Author |
Saito, Mika, 1967- author.
|
|
Turunen, Jarkko, author.
|
|
International Monetary Fund. Strategy, Policy, and Review Department.
|
| ISBN |
1484326377 |
|
9781484326374 |
|
9781484325803 |
|
148432580X |
|
1484372581 |
|
9781484372586 |
|
1484381467 |
|
9781484381465 |
| ISSN |
2227-8885 |
|
