Competitiveness in the Southern Euro Area: France, Greece, Italy, Portugal, and Spain
April 1, 2008
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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.
Subject: Competition, Export performance, Exports, Financial markets, Imports, International trade, Service exports
Keywords: Africa, Competition, Europe, export, export competitor, Export performance, export structure, Exports, FDI inflow, Global, Greece, high-tech industry, Imports, offshoring intensity, Portugal, SEA-5, Service exports, services export, Southern Europe, Spain, WP
Pages:
114
Volume:
2008
DOI:
Issue:
112
Series:
Working Paper No. 2008/112
Stock No:
WPIEA2008112
ISBN:
9781451869729
ISSN:
1018-5941
