Please use this identifier to cite or link to this item:
|Title:||Measuring international competitiveness: Experience from East Asia||Authors:||Manzur, M.
|Issue Date:||Nov-1999||Citation:||Manzur, M.,Wong, W.-K.,Chee, I.-C. (1999-11). Measuring international competitiveness: Experience from East Asia. Applied Economics 31 (11) : 1383-1391. ScholarBank@NUS Repository.||Abstract:||This paper uses a new measure of real exchange rates as an indicator of international competitiveness. This new measure involves defining all prices and exchange rates on a appropriately weighted basket of currencies rather than a single currency. The measure is applied to the data for Japan, Korea, Thailand, Malaysia and Singapore. For comparison purposes, we calculate real exchange rates based on purchasing power parity (PPP) for these countries. To check for the relative performance of the two measures, cointegration tests are employed. The results indicate that the new measure tends to be closely related with the export growth for the sample countries, while the PPP-based measure is not. Moreover, the PPP-based real exchange rates tend to understate the measures of competitiveness for these countries. This result has important implications in terms of the levels of these countries' exchange rates as well as the well-known Balassa hypothesis.||Source Title:||Applied Economics||URI:||http://scholarbank.nus.edu.sg/handle/10635/52146||ISSN:||00036846|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on May 22, 2019
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.