The Development of EU and EU Member States' External Competitiveness

Angela Cheptea, Charlotte Emlinger, Lionel Fontagné, Gianluca Orefice and Olga Pindyuk

Working Papers from CEPII research center

Abstract: We revisit competitiveness issues using recent data and show that the global financial crisis has taken a toll on European producers that before 2007 were maintaining their market positions. The EU competitiveness in goods has recently deteriorated, even in the upper and high-tech segments of the world market. The decline recorded by European exporters is attributable purely to performance and not to adverse orientation of their exports. However, European exports are predominantly "Made in Europe" and include an increasing share of services. The within Europe advantages in manufacturing seem to have been exhausted and further gains imply moves outside the EU with an enhanced focus on the competitiveness in services as an important determinant of future European industry.

Keywords: Competitiveness; trade in value added (search for similar items in EconPapers)
JEL-codes: F14 F15 (search for similar items in EconPapers)
Date: 2014-03
New Economics Papers: this item is included in nep-cse, nep-eec and nep-int
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cii:cepidt:2014-06

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