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External Trade Competitiveness Index (ETCI) a sectoral and granular perspective on the Peruvian export basket
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For the trade sector, a cheaper dollar reduces the cost of imports, but also reduces competitiveness of exports in pesos
·Bogota, Colombia
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External Trade Competitiveness Index (ETCI) a sectoral and granular perspective on the Peruvian export basket
Building on the Competitor-Based Real Exchange Rate (CBRER) proposed by Gonzaga and Rojas (2026), this paper develops an External Trade Competitiveness Index (ETCI) that provides a more accurate measure of Peruvian export competitiveness. Unlike the Multilateral Real Exchange Rate (TCRM) –a traditional REER measure–– published by the Central Reserve Bank of Peru, the ETCI is constructed from product- and destination-level export unit values and …
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