The Clothing Export Performance and Prospects for Advanced and Emerging Economies: Evidence from a Panel Data Analysis

Donatella Baiardi (), Carluccio Bianchi () and Eleonora Lorenzini ()
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Donatella Baiardi: Department of Economics and Management, University of Pavia
Carluccio Bianchi: Department of Economics and Management, University of Pavia
Eleonora Lorenzini: Department of Economics and Management, University of Pavia

No 38, DEM Working Papers Series from University of Pavia, Department of Economics and Management

Abstract: This paper studies the clothing export performance of twelve top exporting countries (China, Honk Kong, France, Germany, India, Indonesia, Italy, Netherlands, Spain, Turkey, UK and USA) in the period between 1992 and 2011. Price and income elasticities are estimated for each country, after controlling for nonstationarity, cointegration and Granger causality. Price elasticities estimates are used, together with market shares and unit values dynamics, to assess the export performance and prospects of the various countries. A multifarious picture emerges from the analysis, whereby China plays the role of uncontested leader, but not all the advanced European countries, which are supposed to be more severely hit by the competition of the low-labour costs countries, definitely lose competitiveness, since different outcomes are possible according to the specific price and quality strategies adopted.

Keywords: Clothing; Price elasticity; Income elasticity; Export Performance; Product Quality; Panel Granger causality (search for similar items in EconPapers)
JEL-codes: F10 F14 O10 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2013-03
New Economics Papers: this item is included in nep-eur, nep-int and nep-sea
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