Euro Area Export Performance and Competitiveness
Jarkko Turunen (),
Richard T. Harmsen and
No 11/140, IMF Working Papers from International Monetary Fund
Concerns about export growth within the euro area peripheral countries due to a lack of competitiveness within the euro area are a key policy issue. Our analysis suggests that: (i) Long-term price elasticities for intra-euro area exports are at least double those for extra-euro area exports, so traditional real effective exchange rate indexes may overstate the effectiveness of euro depreciation in restoring exports growth in the euro area periphery and; (ii) There are surprisingly wide divergences across alternative relative price measures and even when relative price data suggest a steady loss in intra- (and extra-) euro area competitiveness, the pace of deterioration depends on the measure of relative prices used.
Keywords: Economic models; Euro Area; Export performance; Export growth; Export competitiveness; Exports; Demand; Cross country analysis; Real effective exchange rates; Price elasticity; Foreign exchange; Competitiveness, Trade equations, euro, export, reer, exchange rates, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, Country and Industry Studies of Trade, (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-eec, nep-int and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:11/140
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Jim Beardow ().