Developing ICOM: An Index of International Competitiveness

James H Gapinski

Chapter 3 in Creating an Internationally Competitive Economy, 2001, pp 36-48 from Palgrave Macmillan

Abstract: Abstract At one level, international competitiveness is a vague concept that means different things to different people. At another level, however, it is a fairly precise concept that has intuitive appeal. Surely, anyone acquainted with the principles of economics has a feel for the notion of competitiveness, and it may not take much to extend that notion into the international context. In that global setting countries may be viewed as having different degrees of international competitiveness: some may enjoy high levels of success while others may post dismal records. Pursued a bit further, logic suggests that nations might be ranked by their competitiveness, and this chapter develops a simplified index that establishes such a ranking. Concentrating on the Asia Pacific region, the index begins with a definition of international competitiveness. It then specifies series to make the definition quantifiable, and gathers data on those series and combines the numbers under various weight structures. Formally called the Index of International COMpetitiveness, it is known as ICOM for short.

Keywords: Real Exchange Rate; International Competitiveness; Exchange Rate Volatility; Component Series; Currency Crisis (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-55706-2_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230557062

DOI: 10.1057/9780230557062_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().