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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
Authorized for Distribution: April 1, 2008
Electronic Access: Free Full Text (PDF file size is 866KB)
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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.
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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
    Published:   April 1, 2008        
            Format:   Paper
    Stock No:   WPIEA2008112   Pages:   114
    Price:   US$18.00 (Academic Rate: US$18.00 )
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