The ratio of export prices to import prices (the price of a country’s exports relative to the price of its imports), calculated according to certain statistical rules. – See devaluation, fiscal, research ratio, trade balance, import content, degree of openness, pricing power, structural change, unit value ratio, exchange rate, competitiveness. – Cf. Deutsche Bundesbank Monthly Report of May 2008, pp. 42 ff. (correlation between price competitiveness and economic growth), ECB Monthly Report of December 2008, pp. 102 ff. (recalculation of indices), ECB Annual Report 2008, pp. 93 ff. (differing competitiveness of individual EU member states; overviews).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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