A distinction is drawn between two notions of competitiveness. 'Essential' competitiveness focuses on the inherent developmental potential of an economy while 'apparent' competitiveness is largely determined by the exchange rate's influence on the current account. A currency union leverages...

Despite the widespread use of the notion of a country's competitiveness in public policy discussion, there is some reluctance among academic economists in accepting the concept. The competitiveness notion can be made theoretically acceptable by distinguishing its useful integral part, which...

Purpose – The purpose of this research is to take into consideration the country effect in online and offline environments and compares price levels and dispersion online v. offline across the two largest Continental European markets, thus adding a new dimension in price comparisons and...