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A NOTE ON EXPORT UNIT VALUE INDICES IN COMPETITIVENESS VARIABLES
Author(s) -
King Alan
Publication year - 1993
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.1467-8586.1993.tb00557.x
Subject(s) - economics , currency , proxy (statistics) , unit of account , value (mathematics) , unit (ring theory) , econometrics , monetary economics , microeconomics , international economics , mathematics , statistics , mathematics education
Several reasons have been suggested for why export unit value data is an unreliable proxy for export prices and hence may result in the estimated coefficients of export models being both biased and inconsistent. The purpose of this note is to consider the role of exporters' choice of invoicing currency in contributing to this problem.