INTERNATIONAL COMPETITIVENESS, THE DEMAND FOR EXPORTS AND REAL EFFECTIVE EXCHANGE-RATES IN DEVELOPING-COUNTRIES
成果类型：
Article
署名作者：
GHOSE, D; KHARAS, H
署名单位：
The World Bank
刊物名称：
JOURNAL OF DEVELOPMENT ECONOMICS
ISSN/ISSBN：
0304-3878
DOI：
10.1016/0304-3878(93)90064-T
发表日期：
1993
页码：
377-398
关键词：
摘要：
Most measures of the real effective exchange rate (REER) do not capture the complex ways in which the structure and direction of trade adapt to changes in exchange rates. Conventional measures of the REER are based on the stringent assumptions that cross price elasticities with respect to exports of third party competitors are all zero and with respect to trading partners they are all equal. This paper develops an alternative index of competitiveness that captures the effects of a whole set of bilateral price changes by estimating an import demand system. A REER for the Philippines is computed and compared to a conventional REER.