Measuring Competitiveness in a World of Global Value Chains »
Journal Issue
Volume/Issue: 2018/229
Series: IMF Working Papers
Author(s): Tamim Bayoumi , Maximiliano Appendino , Jelle Barkema , and Diego Cerdeiro
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2018
DOI: http://dx.doi.org/10.5089/9781484337134.001
ISBN: 9781484337134
Keywords: Economic integration, Global value chains, International competitiveness, Trade openness, Trade Forecasting and Simulation, Globalization: Macroeconomic Impacts
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate good...