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Measuring the effectiveness of cost and price competitiveness in external rebalancing of euro area countries: What do alternative HCIs tell us?

Christodoulopoulou, Styliani; Tkacevs, Olegs - 2014

This study examines the marginal effects of traditional determinants of exports and imports with a focus on the role of price competitiveness in restoring external balances. It is a first attempt to compare marginal effects of various harmonised competitiveness indicators (HCIs) on both exports...

Persistent link: https://www.econbiz.de/10011605781

Assessing European firms' exports and productivity distributions: the CompNet trade module

Berthou, Antoine; Dhyne, Emmanuel; Bugamelli, Matteo; … - 2015

and export performance among European economies. We use the information compiled in the Trade module of CompNet to …-exporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much more …

Persistent link: https://www.econbiz.de/10011605833

Is China climbing up the quality ladder? Estimating cross country differences in product quality using Eurostat's COMEXT trade database

Pula, Gabor; Santabárbara, Daniel - 2011

imposes a threat to the market positions of advanced economies. While China’s export structure is very similar to that of the … advanced world, its export unit values are well below the level of developed economies. Building on the assumption that unit … be justified by its relatively low average prices, implying that the quality of Chinese export products is relatively …

Persistent link: https://www.econbiz.de/10011605356

Global value chains: a view from the euro area

Amador, João; Cappariello, Rita; Stehrer, Robert - 2015

This paper describes the main features of Global Value Chains (GVCs) in the euro area taken as a whole and compares with other large trade players like the US, China and Japan. In addition, the perspective of individual euro area countries is considered, with a focus on intra euro area linkages....

Persistent link: https://www.econbiz.de/10011605806

Wage structure effects of international trade: evidence from a small open economy

Du Caju, Philip; Rycx, François; Tojerow, Ilan - 2011

imports according to the country of origin. Looking at the export side, we find a positive effect of exports on the industry …

Persistent link: https://www.econbiz.de/10011605371

Fragmentation, incomes and jobs: an analysis of European competitiveness

Timmer, Marcel P.; Los, Bart; Stehrer, Robert; de … - 2013

Increasing fragmentation of production across borders is changing the nature of international competition. As a result, conventional indicators of competitiveness based on gross exports become less informative and new measures are needed. In this paper we propose an ex-post accounting framework...

Persistent link: https://www.econbiz.de/10011605660

What lies beneath the euro's effect on financial integration? Currency risk, legal harmonization, or trade?

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010

Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro’s effect on financial integration using data on bilateral banking linkages among twenty industrial countries in...

Persistent link: https://www.econbiz.de/10011605262

Identifying hubs and spokes in global supply chains using redirected trade in value added

Lejour, Arjan; Rojas-Romagosa, Hugo; Veenendaal, Paul - 2014

The increasing importance of global supply chains has prompted the use of analytical tools based on trade in value added – instead of traditional measures in gross value. We use this analytical framework to develop indicators that identify hubs and spokes in international supply chains. Using...

Persistent link: https://www.econbiz.de/10011605715

Collateral imbalances in intra-european trade? Accounting for the difference between gross and value added trade balances

Nagengast, Arne J.; Stehrer, Robert - 2014

One of the main stylised facts that has emerged from the recent literature on global value chains is that bilateral trade imbalances in gross terms can differ substantially from those measured in value added terms. However, the factors underlying the extent and sign of the differences between...

Persistent link: https://www.econbiz.de/10011605740

How do exporters react to changes in cost competitiveness?

Decramer, Stefaan; Fuss, Catherine; Konings, Jozef - 2014

international export performance at the firm level. To this end, we use Belgian firm-level data for the period 1999-2010 to analyze … significant negative effect of unit labor costs on export performance of firms with an estimated elasticity of the intensive … costs reduce the probability of starting to export for non-exporters and increase the probability of exporters stopping …

Persistent link: https://www.econbiz.de/10011605797