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Sectoral specialisation and the downturn in France’s foreign trade between 2014 and 2016

Hadrien Camatte and Guillaume Gaulier ()

Rue de la Banque, 2018, issue 71

Abstract: France’s foreign trade balance for non-energy goods and services deteriorated significantly between the beginning of 2014 and the end of 2016. Although on average the contribution from sectoral specialisation is more favourable in France than for its European partners, it also implies a dependence on a limited number of sectors, particularly aeronautics, agriculture and tourism. The supply difficulties experienced by France’s stronghold export sectors explain a large part of the downturn in the French trade balance between 2014 and 2016, which since then has only partially recovered. This Rue de la Banque expands upon the analyses set out in the Eco Notepad blog post “Sectoral specialization and the 2014 16 downturn in France’s foreign trade”.

Date: 2018
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