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

By: Lissovolik, BogdanContributor(s): Escolano, Julio | Fabrizio, StefaniaMaterial type: TextTextSeries: IMF Working PapersPublisher: Washington : International Monetary Fund, 2008Copyright date: ©2008Description: 1 online resource (116 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781451914269Subject(s): Competition -- Europe, Southern | Exports -- Europe, SouthernGenre/Form: Electronic books.Additional physical formats: Print version:: Competitiveness in the Southern Euro Area : France, Greece, Italy, Portugal, and SpainDDC classification: 382.6 LOC classification: HF1414.4 -- .C667 2008ebOnline resources: Click to View
Contents:
Intro -- Contents -- I. Competitiveness of the Southern euro area: a Helicopter Tour -- A. Overall Performance -- B. Exports of Goods -- C. Exports of Services -- D. Other Aspects of Competitiveness -- II. SEA-5 Exports: Wind in the Sails from Global Growth? -- A. Introduction -- B. Are SEA-5's Exports Benefiting from Higher Partner Growth? -- C. Are SEA-5's Exports Poised to Gain from Global Sectoral Export Trends? -- D. Conclusions -- III. Southern euro area five Countries: Trends in Value-Added -- A. Introduction -- B. Data and Methodology -- C. Result Number 1: The SEA-5 is Moving in the Right Direction but Slower Than Others -- D. Result Number 2: Because of Slower Restructuring the SEA-5 May Be Missing Growth Opportunities -- IV. Are the Southern euro area Countries Advancing in the Search for New and Better Products? -- A. Introduction -- B. Did the Export Structure of SEA-5 Countries Evolve Over the Last Decade? -- C. Have the Product Quality and the Technological Intensity of Exports Increased?. -- D. Conclusions -- V. Are the Southern euro area's Exports Moving to Markets with Less Competition? -- A. Introduction -- B. Where are the Exports Going, and Who are the Main Competitors? -- C. Is Competition Becoming Tougher? -- D. Are the SEA-5's Exports Moving to Markets with Less Competition? -- VI. Services Exports in SEA-5: Performance and Restructuring -- A. Introduction -- B. Trade in Services Specialization and Performance in the SEA-5 Countries -- C. Dynamic Sectors and Markets Services Exports -- D. Exports of Travel Services -- E. Exports of High Value-Added Services -- VII. The Role of Imports-Structural Shifts and Economic Benefits -- A. Conclusions -- VIII. Outsourcing and Competitiveness in Southern Europe -- A. Offshoring in Five European Countries: What Do the Data Say? -- B. Offshoring, Productivity, and Competitiveness.
C. Conclusions -- IX. Role of Foreign Direct Investment in Boosting Productivity and Exports in the Southern euro area Economies -- A. Introduction -- B. Recent Trends of FDI in SEA-5 Countries -- C. Could FDI Help Productivity and Exports? A Sectoral Analysis -- D. Scope for Further Attracting FDI in the SEA-5 Economies -- E. Conclusions -- X. International Competitiveness: Looking at Direct Competitors -- A. Introduction -- B. The Evolution of REER -- C. The Profile of Competitors -- Tables -- I.1. Growth Indicators, 1996-2006 -- I.2. Selected Competitiveness-Related Indicators, 1996-2006. -- I.3. Selected Competitivenss-Related Indicators: The Last Global Economic Upswing (2001-06) -- I.4. Change in Export Market Shares (Goods), 1996-2006 -- II.1. SEA-5 Relative Underexporting Ranking, 2005 -- II.2. Sectoral Specialization and Subsequent Growth -- II.3. Determinants of Market Shares in Manufacturing in Large SEA-5 Countries and Germany -- II.4. Relationship Between Changes in Manufacturing Export Shares and World Growth, 1995-2005 -- III.1. Dynamic Rankingof Sectors: Top 10 Sectors by Real Value-Added Growth -- III.2. Technological Classification of Industries -- III.3. Restructuring and Response to Global Growth Opportunities -- IV.1. Diversification of Exports of Manufacturing Products, 1994-2005 -- IV.2. SEA-5 Countries: Does Quality Help Increase Competitiveness? -- V.1. Southern euro area Five: Main Geographic Destinations of Exports, 1995-2005 -- V.2. Top Competitors -- V.3. Net Entry: Contribution to Changes of Market Concentration by Geographic Destination, 1995 and 2004 -- VII.1. Import Elasticities, 1973-2006 -- VII.2. Where do imports come from? -- VIII.1. Measures of Offshoring: Imports of Business and Computer Services in EU-Countries, 2005 -- VIII.2. Growth of Trade in Business and Computer Services in EU-15 Countries, 1995-2003.
X.1. Net Appreciation Diffential Since 1998: the Aggregate Effect of DPA Including Exports of Services -- X.2. The Structure of Competitors: Goods -- X.3. The Structure of Competitors: Services -- X.4. Main Competitors in 2005: Goods -- X.5. Main Competitors in 2005: Services -- Figures -- I.1. World Imports of Goods and Services -- I.2. Manufacturing Export in SEA-5 and Germany, 1995-2005 -- I.3. Market Concentration and Relative Unit Values, 1995 and 2004 -- I.4. Services Exports in SEA-5 and Germany: 1996-2005 -- II.1. SEA-5 and Key Comparators, Export Indicators, 1996-2006 -- II.2. Exports to 43 Dynamic Economies, 2000-05 -- II.3. Gaps with Fast Growers' World Import Share Gains, 2000-05. -- II.4. Lagging Export Growth to Fast Growers, 2000-05 -- II.5. Share of China's Imports -- II.6. Average Annual U.S. Dollar Growth of World Trade in the Fastest Growing Manufacturing Sectors -- II.7. Manufacturing Exports in SEA-5 and Germany, 1995-2005 -- III.1. The Dynamic Content -- III.2. Index of Dynamism -- III.3. Technological Content -- III.4. The Index of Technological Intensity -- IV.1. Has the Structure of Exports of Manufacturing Products Changed? -- IV.2. To What Extent SEA-5 Countries Have Experienced Technology Upgrading? -- IV.3. Are SEA-5 Countries Upgrading the Quality of Their Exports? Relative to EU-15 Competititors -- IV.4. Are SEA-5 Countries Upgrading the Quality of Their Exports? Relative to World Competitors -- IV.5. Have SEA-5 Countries Increased the Quality of Their Export in Sectors with High Potential? -- IV.6. Have Exports Shifted to Higher Quality Products? -- IV.7. Quality of Discotinued Products Vis-à-vis Quality of New Products, 1994 and 2005 .. -- V.1. Share in World Exports of Goods, 1995-2005 -- V.2. Geographic Diversification, 1995-2005 -- V.3. Index of Export Similarity, 1995-2004 -- V.4. Market Concentration, 1995-2005.
V.5. Market Shares, 1995-2005 -- V.6. Market Concentration and Relative Unit Values, 1995 and 2004 -- V.7. Contributions to Changes in Market Concentration, 1995 and 2004 -- V.8. Contributions to Changes in Market Concentration, 1995 and 2004 -- V.9. Contributions to Changes in Market Concentration by Technology Groups, 1995 and 2004 -- V.10. Contributions to Changes in Market Share, 1995 and 2004 -- V.11. Contributions to Changes in Relative Unit Values, 1995 and 2004 -- VI.1. Specialization in Trade in Services -- VI.2. Services Exports in SEA-5 and Germany, 1996-2005 -- VII.1. Opennes to Trade -- VII.2. Product Structure of Imports by Technology -- VII.3. Intra-Industry Trade -- VII.4. Import Penetration and Labor Productivity -- VIII.1. Relationship Between Offshoring Intensity and Competitiveness -- VIII.2. Relationship Between Offshoring Intensity and Total Factor Productivity (TFP) -- IX.1. FDI Inflows -- IX.2. Cumulative Inward FDI in Manufacturing -- IX.3. Technological Content of FDI Inflows in Manufacturing -- IX.4. FDI Inflows to Manufacturing Sectors -- IX.5. Service Sector FDI -- IX.6. Policy Environment and FDI -- Appendixes -- II.A. Definitions and Information Sources -- Appendix IV.A -- V.A. Data Sources and Definitions -- References -- Chapter I References -- Chapter II References -- Chapter III References -- Chapter IV References -- Chapter V References -- Chapter VI References -- Chapter VII References -- Chapter VIII References -- Chapter IX References -- Chapter X References.
Summary: 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.
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Intro -- Contents -- I. Competitiveness of the Southern euro area: a Helicopter Tour -- A. Overall Performance -- B. Exports of Goods -- C. Exports of Services -- D. Other Aspects of Competitiveness -- II. SEA-5 Exports: Wind in the Sails from Global Growth? -- A. Introduction -- B. Are SEA-5's Exports Benefiting from Higher Partner Growth? -- C. Are SEA-5's Exports Poised to Gain from Global Sectoral Export Trends? -- D. Conclusions -- III. Southern euro area five Countries: Trends in Value-Added -- A. Introduction -- B. Data and Methodology -- C. Result Number 1: The SEA-5 is Moving in the Right Direction but Slower Than Others -- D. Result Number 2: Because of Slower Restructuring the SEA-5 May Be Missing Growth Opportunities -- IV. Are the Southern euro area Countries Advancing in the Search for New and Better Products? -- A. Introduction -- B. Did the Export Structure of SEA-5 Countries Evolve Over the Last Decade? -- C. Have the Product Quality and the Technological Intensity of Exports Increased?. -- D. Conclusions -- V. Are the Southern euro area's Exports Moving to Markets with Less Competition? -- A. Introduction -- B. Where are the Exports Going, and Who are the Main Competitors? -- C. Is Competition Becoming Tougher? -- D. Are the SEA-5's Exports Moving to Markets with Less Competition? -- VI. Services Exports in SEA-5: Performance and Restructuring -- A. Introduction -- B. Trade in Services Specialization and Performance in the SEA-5 Countries -- C. Dynamic Sectors and Markets Services Exports -- D. Exports of Travel Services -- E. Exports of High Value-Added Services -- VII. The Role of Imports-Structural Shifts and Economic Benefits -- A. Conclusions -- VIII. Outsourcing and Competitiveness in Southern Europe -- A. Offshoring in Five European Countries: What Do the Data Say? -- B. Offshoring, Productivity, and Competitiveness.

C. Conclusions -- IX. Role of Foreign Direct Investment in Boosting Productivity and Exports in the Southern euro area Economies -- A. Introduction -- B. Recent Trends of FDI in SEA-5 Countries -- C. Could FDI Help Productivity and Exports? A Sectoral Analysis -- D. Scope for Further Attracting FDI in the SEA-5 Economies -- E. Conclusions -- X. International Competitiveness: Looking at Direct Competitors -- A. Introduction -- B. The Evolution of REER -- C. The Profile of Competitors -- Tables -- I.1. Growth Indicators, 1996-2006 -- I.2. Selected Competitiveness-Related Indicators, 1996-2006. -- I.3. Selected Competitivenss-Related Indicators: The Last Global Economic Upswing (2001-06) -- I.4. Change in Export Market Shares (Goods), 1996-2006 -- II.1. SEA-5 Relative Underexporting Ranking, 2005 -- II.2. Sectoral Specialization and Subsequent Growth -- II.3. Determinants of Market Shares in Manufacturing in Large SEA-5 Countries and Germany -- II.4. Relationship Between Changes in Manufacturing Export Shares and World Growth, 1995-2005 -- III.1. Dynamic Rankingof Sectors: Top 10 Sectors by Real Value-Added Growth -- III.2. Technological Classification of Industries -- III.3. Restructuring and Response to Global Growth Opportunities -- IV.1. Diversification of Exports of Manufacturing Products, 1994-2005 -- IV.2. SEA-5 Countries: Does Quality Help Increase Competitiveness? -- V.1. Southern euro area Five: Main Geographic Destinations of Exports, 1995-2005 -- V.2. Top Competitors -- V.3. Net Entry: Contribution to Changes of Market Concentration by Geographic Destination, 1995 and 2004 -- VII.1. Import Elasticities, 1973-2006 -- VII.2. Where do imports come from? -- VIII.1. Measures of Offshoring: Imports of Business and Computer Services in EU-Countries, 2005 -- VIII.2. Growth of Trade in Business and Computer Services in EU-15 Countries, 1995-2003.

X.1. Net Appreciation Diffential Since 1998: the Aggregate Effect of DPA Including Exports of Services -- X.2. The Structure of Competitors: Goods -- X.3. The Structure of Competitors: Services -- X.4. Main Competitors in 2005: Goods -- X.5. Main Competitors in 2005: Services -- Figures -- I.1. World Imports of Goods and Services -- I.2. Manufacturing Export in SEA-5 and Germany, 1995-2005 -- I.3. Market Concentration and Relative Unit Values, 1995 and 2004 -- I.4. Services Exports in SEA-5 and Germany: 1996-2005 -- II.1. SEA-5 and Key Comparators, Export Indicators, 1996-2006 -- II.2. Exports to 43 Dynamic Economies, 2000-05 -- II.3. Gaps with Fast Growers' World Import Share Gains, 2000-05. -- II.4. Lagging Export Growth to Fast Growers, 2000-05 -- II.5. Share of China's Imports -- II.6. Average Annual U.S. Dollar Growth of World Trade in the Fastest Growing Manufacturing Sectors -- II.7. Manufacturing Exports in SEA-5 and Germany, 1995-2005 -- III.1. The Dynamic Content -- III.2. Index of Dynamism -- III.3. Technological Content -- III.4. The Index of Technological Intensity -- IV.1. Has the Structure of Exports of Manufacturing Products Changed? -- IV.2. To What Extent SEA-5 Countries Have Experienced Technology Upgrading? -- IV.3. Are SEA-5 Countries Upgrading the Quality of Their Exports? Relative to EU-15 Competititors -- IV.4. Are SEA-5 Countries Upgrading the Quality of Their Exports? Relative to World Competitors -- IV.5. Have SEA-5 Countries Increased the Quality of Their Export in Sectors with High Potential? -- IV.6. Have Exports Shifted to Higher Quality Products? -- IV.7. Quality of Discotinued Products Vis-à-vis Quality of New Products, 1994 and 2005 .. -- V.1. Share in World Exports of Goods, 1995-2005 -- V.2. Geographic Diversification, 1995-2005 -- V.3. Index of Export Similarity, 1995-2004 -- V.4. Market Concentration, 1995-2005.

V.5. Market Shares, 1995-2005 -- V.6. Market Concentration and Relative Unit Values, 1995 and 2004 -- V.7. Contributions to Changes in Market Concentration, 1995 and 2004 -- V.8. Contributions to Changes in Market Concentration, 1995 and 2004 -- V.9. Contributions to Changes in Market Concentration by Technology Groups, 1995 and 2004 -- V.10. Contributions to Changes in Market Share, 1995 and 2004 -- V.11. Contributions to Changes in Relative Unit Values, 1995 and 2004 -- VI.1. Specialization in Trade in Services -- VI.2. Services Exports in SEA-5 and Germany, 1996-2005 -- VII.1. Opennes to Trade -- VII.2. Product Structure of Imports by Technology -- VII.3. Intra-Industry Trade -- VII.4. Import Penetration and Labor Productivity -- VIII.1. Relationship Between Offshoring Intensity and Competitiveness -- VIII.2. Relationship Between Offshoring Intensity and Total Factor Productivity (TFP) -- IX.1. FDI Inflows -- IX.2. Cumulative Inward FDI in Manufacturing -- IX.3. Technological Content of FDI Inflows in Manufacturing -- IX.4. FDI Inflows to Manufacturing Sectors -- IX.5. Service Sector FDI -- IX.6. Policy Environment and FDI -- Appendixes -- II.A. Definitions and Information Sources -- Appendix IV.A -- V.A. Data Sources and Definitions -- References -- Chapter I References -- Chapter II References -- Chapter III References -- Chapter IV References -- Chapter V References -- Chapter VI References -- Chapter VII References -- Chapter VIII References -- Chapter IX References -- Chapter X References.

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.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

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