Preis- und Wechselkursindizes für den Export österreichischer Halb- und Fertigwaren
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The purpose of this article is to describe the computation of various export price and effective exchange rate indices for the Austrian exports of manufactured goods, considering especially the competition of other exporting countries on the relevant markets (including domestic production alternatively) and to present the development of these indices during the decade 1963 to 1973.
In analogy to well-known concept of double-weighted competing export price indices of a country a double weighted exchange rate index was constructed. Weighting schemes were derived from trade-share matrices of the eleven most important producers and suppliers (respective buyers) of manufactured goods. Relative export price indices on local currency basis and relative effective exchange rate indices were computed separately and then put together in order to get relative export price indices adjusted for effective exchange rate changes.
These indices indicate that the competitive position of the Austrian exports of manufactured goods improved in the period 1963 to 1973 by more than 10%.
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