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- W3122596840 abstract "Real exports are commonly specified as depending on an indicator of price competitiveness and on a measure of foreign activity. This study empirically investigates the suitability of alternative competitiveness indicators in explaining real exports for a broad group of advanced economies. To this end, a panel cointegration analysis is conducted, augmented by a forecasting exercise. In the latter, repeated sampling techniques are used in order to avoid arbitrary sample splits. We find that broad price- and cost-based indicators are to be preferred to narrow price based measures such as CPI- or PPI-deflated real exchange rates. Furthermore, the evidence points towards using world trade as the external activity variable instead of GDP- or real imports-based measures." @default.
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- W3122596840 date "2016-01-01" @default.
- W3122596840 modified "2023-09-27" @default.
- W3122596840 title "On the suitability of alternative competitiveness indicators for explaining real exports of advanced economies" @default.
- W3122596840 hasPublicationYear "2016" @default.
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