Competitiveness in the Southern Euro Area: France, Greece, Italy, Portugal, and Spain

Author/Editor: Bennett, Herman Z. ; Escolano, Julio ; Fabrizio, Stefania ; Gutierrez, Eva ; Ivaschenko, Iryna V. ; Lissovolik, Bogdan ; Schule, Werner ; Tokarick, Stephen ; Xiao, Yuan ; Moreno Badia, Marialuz
Publication Date: April 01, 2008
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: This collection of studies analyzes developments in nonprice external competitiveness of France, Greece, Italy, Portugal, and Spain. While France, Italy, and Portugal have experienced substantial export market share losses, Greece and Spain performed relatively well. Export market share losses appear associated with rigidities in resource allocation (sectoral, geographical, technological) relative to peers and lower productivity gains in high value-added sectors. Disaggregated analysis of goods and services export markets provides insights on aspects such as quality, market concentration, growth of destination markets, and geographical and sectoral diversification. Also, increased import penetration, offshoring and FDI could improve productivity and export performance.
Series: Working Paper No. 08/112
Subject(s): France | Greece | Italy | Portugal | Spain | Competition | Exports | Markets | International trade | Foreign investment | Exchange rates | Productivity | Resource allocation

Author's Keyword(s): Competitiveness | export structure | product quality | services exports | outsourcing | value-added | technological intensity | restructuring | growth | technological change | industry and trade | services and trade | market concentration | market entry and exit | foreign direct investment | productivity | real effective exchange rate
Publication Date: April 01, 2008
Format: Paper
Stock No: WPIEA2008112 Pages: 114
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