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Trade-weighted Exchange Rate Indices and Foreign Markets Shares by Manufacturing Industries. Some Stylised Facts

Christa Magerl and Franz Hahn
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Christa Magerl: WIFO

No 357, WIFO Working Papers from WIFO

Abstract: In this paper we make an attempt to extend the WIFO trade-weighted exchange rate index (TWI_ER) by computing export-weighted exchange rate indices for eight Austrian manufacturing industries covering the period from 1995 to 2005. The TWI_ER by manufacturing industries improves upon the previous WIFO-TWI by calculating both current single (bilateral) and current double (multilateral) export weights for each year under investigation. We also present stylised facts based on this unique dataset concerning foreign market share dynamics and the relationship between international competitiveness and improvement in international performance at an industry level.

Pages: 41 pages
Date: 2010-02
New Economics Papers: this item is included in nep-ifn and nep-int
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