France, Germany, Italy, and Spain: Explaining Differences in External Sector Performance Among Large Euro Area Countries
November 8, 2005
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This cross-country paper explains differences in external sector performance among four large euro area countries—France, Germany, Italy, and Spain. The paper discusses that during 2001–04, the performance of the external sector differed markedly among these four largest euro area countries. The study presented in this paper describes the evolution of the traditional determinants of exports and imports—domestic and foreign demand and cost and price competitiveness—and econometrically assesses their contributions to the evolution of trade volumes during the period mentioned.
Subject: Competition, Export performance, Exports, Financial markets, Foreign exchange, Imports, International trade, Real effective exchange rates
Keywords: area trade, Competition, cost competitiveness, CR, export margin, Export performance, Exports, France, Germany, Global, goods export, goods import, import content, import volume behavior, Imports, ISCR, Italy, observed export, price, Real effective exchange rates, Spain, trade partner demand
Pages:
27
Volume:
2005
DOI:
Issue:
401
Series:
Country Report No. 2005/401
Stock No:
1EUREA2005003
ISBN:
9781451813036
ISSN:
1934-7685
