Modelling the Behaviour of Export Volumes of Manufactures: an Evaluation of the Performance of Different Measures of International Competitiveness

In: National Institute economic review: journal of the National Institute of Economic and Social Research, Band 121, S. 46-52

Abstract

The objective of this note is to compare the econometric performance of several different equations which attempt to model the behaviour of export volumes of manufactured goods. Such equations usually explain export volumes in terms of an index of world economic activity and an index of competitiveness. This note concentrates on the issue of competitiveness; namely, how should competitiveness be defined and measured when employed in an export volumes equation?