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

Author/Editor:

Bogdan Lissovolik ; Eva Gutierrez ; Herman Z Bennett ; Iryna V. Ivaschenko ; Julio Escolano ; Marialuz Moreno Badia ; Stefania Fabrizio ; Stephen Tokarick ; Werner Schule ; Yuan Xiao

Publication Date:

April 1, 2008

Electronic Access:

Free Full text (PDF file size is 845 KB).Use the free Adobe Acrobat Reader to view this PDF file

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:

English

Publication Date:

April 1, 2008

ISBN/ISSN:

9781451869729/1018-5941

Stock No:

WPIEA2008112

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

114

Please address any questions about this title to publications@imf.org