Compendium on the Diagnostic Toolkit for Competitiveness

84 Pages Posted: 25 Sep 2015

See all articles by Pavlos Karadeloglou

Pavlos Karadeloglou

European Central Bank (ECB) - Directorate General Economics

Konstantins Benkovskis

Bank of Latvia; Stockholm School of Economics in Riga

Giovanni Aiello

European Central Bank (ECB)

Benjamin Bluhm

Westhouse Group

Elena Bobeica

European Central Bank (ECB)

Christian Buelens

European Central Bank (ECB)

Flavia Cavallini

European Central Bank (ECB)

Styliani Christodoulopoulou

European Central Bank (ECB)

Maarten De Clercq

European Central Bank (ECB)

Claire Giordano

Bank of Italy

Andreas Joseph

European Central Bank (ECB)

Alexandru Leonte

National Bank of Romania

Kirsten Lommatzsch

German Institute for Economic Research (DIW Berlin)

Paloma Lopez-Garcia

European Central Bank (ECB)

Georgi Momchilov

Bulgarian National Bank

Chiara Osbat

European Central Bank (ECB)

Lucia Orszaghova

European Central Bank (ECB)

Francesco Pappadà

Banque de France

Elvira Prades Illanes

Banco de España

Maria Silgoner

Oesterreichische Nationalbank (OeNB)

Olegs Tkacevs

Latvijas Banka

Robert Vermeulen

De Nederlandsche Bank

Julia Wörz

Oesterreichische Nationalbank (OeNB)

Francesco Zollino

Bank of Italy

Date Written: July 2015

Abstract

This Compendium describes the contribution of CompNet to the improvement of the analytical framework and indicators of competitiveness. It does this by presenting a comprehensive database of novel competitiveness indicators. These are more than 80 novel indicators designed by CompNet members that capture macro, micro and cross-country dimensions, thus providing a comprehensive view of the competitive position of EU countries and their peers. A short description of each innovative indicator – consisting of the motivation for use, an intuitive explanation of the methodology and a list of advantages and drawbacks – helps the reader to better understand the use of the novel variables. On the analytical side, issues related to the definition of competitiveness are discussed and the empirical evidence on the link between competitiveness indicators and policy objective variables such as real GDP per capita and external trade performance is presented.

Keywords: Price/non-price competitiveness indicators; measuring competitiveness; determinants of competitiveness

JEL Classification: F14, F41, F60, D24, E31

Suggested Citation

Karadeloglou, Pavlos and Benkovskis, Konstantins and Aiello, Giovanni and Bluhm, Benjamin and Bobeica, Elena and Buelens, Christian and Cavallini, Flavia and Christodoulopoulou, Styliani and De Clercq, Maarten and Giordano, Claire and Joseph, Andreas and Leonte, Alexandru and Lommatzsch, Kirsten and Lopez-Garcia, Paloma and Momchilov, Georgi and Osbat, Chiara and Orszaghova, Lucia and Pappadà, Francesco and Prades Illanes, Elvira and Silgoner, Maria and Tkacevs, Olegs and Vermeulen, Robert and Wörz, Julia and Zollino, Francesco, Compendium on the Diagnostic Toolkit for Competitiveness (July 2015). ECB Occasional Paper No. 163. Available at SSRN: https://ssrn.com/abstract=2665599

Pavlos Karadeloglou (Contact Author)

European Central Bank (ECB) - Directorate General Economics ( email )

Kaiserstrasse 29
D-60311 Frankfurt am Main
Germany

Konstantins Benkovskis

Bank of Latvia ( email )

Riga
Latvia

Stockholm School of Economics in Riga ( email )

Strelnieku iela 4a
Riga, LV 1010
Latvia

Giovanni Aiello

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Benjamin Bluhm

Westhouse Group ( email )

Parkring 6
Garching, 85748
Germany

Elena Bobeica

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Christian Buelens

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Flavia Cavallini

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Styliani Christodoulopoulou

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Maarten De Clercq

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Claire Giordano

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Andreas Joseph

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Alexandru Leonte

National Bank of Romania ( email )

Bucharest
Romania

Kirsten Lommatzsch

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, 10117
Germany

Paloma Lopez-Garcia

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Georgi Momchilov

Bulgarian National Bank ( email )

str
Sofia, 1040
United States

Chiara Osbat

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany
+49 69 1344 6821 (Phone)
+49 69 1344 6000 (Fax)

Lucia Orszaghova

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Francesco Pappadà

Banque de France ( email )

Paris
France

Elvira Prades Illanes

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Maria Silgoner

Oesterreichische Nationalbank (OeNB)

Otto-Wagner-Platz 3, PO Box 61
Vienna,
1010 Vienna, A-1011
Austria

Olegs Tkacevs

Latvijas Banka ( email )

K. Valdemara iela 2a
Riga LV-1050
Latvia

Robert Vermeulen

De Nederlandsche Bank ( email )

P.O. Box 98
1000 AB Amsterdam
Netherlands

Julia Wörz

Oesterreichische Nationalbank (OeNB) ( email )

Otto-Wagner-Platz 3, PO Box 61
Vienna,
1010 Vienna, A-1011
Austria

Francesco Zollino

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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