(Translated by https://www.hiragana.jp/)
European Export Performance
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European Export Performance

Author

Listed:
  • Angela Cheptea

    (SMART-LERECO - Structures et Marché Agricoles, Ressources et Territoires - INRA - Institut National de la Recherche Agronomique - AGROCAMPUS OUEST)

  • Lionel Fontagné

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, Banque de France, Centre d'Etudes Prospectives et d'Informations Internationales)

  • Soledad Zignago

    (Banque de France)

Abstract

Competitiveness has come to the forefront of the policy debate within the European Union, focusing on price competitiveness and intra-EU imbalances. But how to measure competitiveness properly, beyond price or cost competitiveness, remains an open methodological issue; and how can we explain the resilience of producers located in the EU to the competition of emerging economies? We analyze the redistribution of world market shares at the level of the product variety, as countries no longer specialize in sectors or even products, but in varieties of the same product, sold at di erent prices. We decompose changes in market shares into structural effects (geographical and sectoral) and a pure performance effect. Our method is based on an econometric shift-share decomposition and we regard the EU-27 as an integrated economy, excluding intra-EU trade. Revisiting the competitiveness issue in such a perspective sheds new light on the ongoing debate. From 1995 to 2009 the EU-27 withstood the competition from emerging countries better than the US and Japan. The EU market shares in the upper price range of the market proved quite resilient, by combining good performance and favorable structure effects, unlike the US and Japan. Finally, while most developed countries lose market shares in high-technology products to developing countries, the EU is slightly gaining, benefiting of a favorable structure effect..

Suggested Citation

  • Angela Cheptea & Lionel Fontagné & Soledad Zignago, 2012. "European Export Performance," PSE-Ecole d'économie de Paris (Postprint) hal-01208836, HAL.
    • Handle: RePEc:hal:pseptp:hal-01208836
    Note: View the original document on HAL open archive server: https://hal.science/hal-01208836
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    References listed on IDEAS

    as
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