Bayoumi, Tamim; Saito, Mika; Turunen, Jarkko - International Monetary Fund (IMF) - 2013
competitiveness can be measured either in terms of “tasks” (Bems and Johnson, 2012), or goods, but with goods prices reflecting the … cost of tasks embedded in those goods. We show that when measuring competitiveness in goods, the formula used in computing … price of value added and needs an additional term, which captures a gain or loss in competitiveness of goods due to …