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Assessing Competitiveness and Real Exchange Rate Misalignment in Low-Income Countries, Mark Lewis, Aurelie Martin, Gabriel Di Bella

Abstract
Assessing a country's competitiveness routinely starts with an analysis of the real exchange rate. However, in low-income countries, empirical analysis of the real exchange rate is often subject to important limitations that seriously weaken the results. This paper summarizes the methodologies used to assess real exchange rate misalignments and discusses the range of obstacles common to low-income countries. Recognizing the importance of using a wide range of indicators for assessing competitiveness in low-income countries, the paper discusses alternative competitive measures and then proposes a template of indicators to allow for a systematic assessment of competitiveness in low-income countries. The template is then used to rank countries according to their competitiveness performance in 2006
Table Of Contents
Contents; I. Introduction; II. Definitions; The Real Exchange Rate; RER Misalignments; Competitiveness; III. Analysis of Competitiveness and Real Exchange Rate Misalignments in LICs; A. Assessments of Real Exchange Rate Misalignments; Informal Assessments; Formal Assessments; B. Issues complicating RER assessments in LICs; Structural factors; Data issues; C. Non-RER measures of Competitiveness; External Sector Outcomes; Stand-alone Indicators of the Quality of the Business Environment; Synthetic Indicators of the Business Climate
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (48 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452751122

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