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

116 Pages Posted: 1 Jul 2008

See all articles by Marialuz Moreno Badia

Marialuz Moreno Badia

International Monetary Fund (IMF)

Werner Schule

International Monetary Fund (IMF)

Herman Z. Bennett

International Monetary Fund (IMF)

Julio Escolano

International Monetary Fund (IMF) - Fiscal Affairs Department

Date Written: May 2008

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: Working Paper, France, Greece, Italy, Portugal, Spain, Competition, Exports, Markets, International trade, Foreign investment, Exchange rates, Productivity, Resource allocation

Suggested Citation

Moreno-Badia, Marialuz and Schule, Werner and Bennett, Herman Z. and Escolano, Julio, Competitiveness in the Southern Euro Area: France, Greece, Italy, Portugal, and Spain (May 2008). Available at SSRN: https://ssrn.com/abstract=1153733 or http://dx.doi.org/10.2139/ssrn.1153733

Marialuz Moreno-Badia

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Werner Schule

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Herman Z. Bennett

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Julio Escolano

International Monetary Fund (IMF) - Fiscal Affairs Department

700 19th Street, NW
Washington, DC 20431
United States

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