Competitiveness in the Southern Euro Area: France, Greece, Italy, Portugal, and Spain

Bogdan Lissovolik, Julio Escolano, Stefania Fabrizio, Werner Schule, Herman Bennett, Stephen Tokarick, Yuan Xiao, Marialuz Moreno Badia, Eva Gutierrez and Iryna Ivaschenko

No 2008/112, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; SEA-5; export; Greece; Spain; Portugal; offshoring intensity; FDI inflow; export competitor; services export; high-tech industry; export structure; Exports; Imports; Competition; Export performance; Service exports; Global; Europe; Africa; Southern Europe (search for similar items in EconPapers)
Pages: 114
Date: 2008-04-01
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Citations: View citations in EconPapers (20)

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