New indicators to assess price-competitiveness developments in the four largest euro-area countries and in their main trading partners

Q3 Social Sciences

Journal of Economic and Social Measurement Pub Date : 2016-01-01 DOI:10.3233/JEM-160432

Alberto Felettigh, Claire Giordano, G. Oddo, Valentina Romano

引用次数: 8

Abstract

This paper provides a new set of monthly price-competitiveness indicators for 62 countries, which are to be adopted by the Bank of Italy as its new official indicators. We employ updated trade weights that take into account the highly relevant competitive pressures of local producers in all outlet markets while guaranteeing a vast geographical coverage in international standards. We also assess price competitiveness with respective to different sub-groups of trading partners, namely euro-area vs. non euro-area countries. Focusing on the four largest economies in the euro area, in the period 1999-2014 Germany and France's price competitiveness is found to have improved; it was roughly stable in Italy whereas it deteriorated in Spain.

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评估欧元区四个最大国家及其主要贸易伙伴价格竞争力发展的新指标

本文为62个国家提供了一套新的月度价格竞争力指标，意大利银行将采用这些指标作为其新的官方指标。我们采用最新的贸易权重，考虑到所有出口市场中当地生产商的高度相关竞争压力，同时保证国际标准的广泛地理覆盖。我们还评估了与不同分组的贸易伙伴的价格竞争力，即欧元区与非欧元区国家。以欧元区四大经济体为研究对象，发现1999-2014年期间，德国和法国的价格竞争力有所提高;意大利的情况大致稳定，而西班牙则有所恶化。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic and Social Measurement Social Sciences-Social Sciences (all)

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic and Social Measurement (JESM) is a quarterly journal that is concerned with the investigation of all aspects of production, distribution and use of economic and other societal statistical data, and with the use of computers in that context. JESM publishes articles that consider the statistical methodology of economic and social science measurements. It is concerned with the methods and problems of data distribution, including the design and implementation of data base systems and, more generally, computer software and hardware for distributing and accessing statistical data files. Its focus on computer software also includes the valuation of algorithms and their implementation, assessing the degree to which particular algorithms may yield more or less accurate computed results. It addresses the technical and even legal problems of the collection and use of data, legislation and administrative actions affecting government produced or distributed data files, and similar topics. The journal serves as a forum for the exchange of information and views between data producers and users. In addition, it considers the various uses to which statistical data may be put, particularly to the degree that these uses illustrate or affect the properties of the data. The data considered in JESM are usually economic or social, as mentioned, but this is not a requirement; the editorial policies of JESM do not place a priori restrictions upon the data that might be considered within individual articles. Furthermore, there are no limitations concerning the source of the data.