Recent French Export Performance: Is There a Competitiveness Problem?
AbstractRecently, the export performance of France relative to its own past and relative to a major trading partner, Germany, deteriorated. That deterioration seems related to the geographical destination and product composition of trend exports. Faced with an increase in unit labor costs or in its terms of trade, France adjusts relatively less via price and wage changes, and more via employment changes. Given that SMIC convergence resulted in a significant increase in unit labor costs, foreign sector difficulties might be structural. Trade flows relevance and euro area policy constraints highlight the importance of structural reforms that increase markets flexibility.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 09/2.
Date of creation: 01 Jan 2009
Date of revision:
Contact details of provider:
Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-31 (All new papers)
- NEP-CSE-2009-01-31 (Economics of Strategic Management)
- NEP-EEC-2009-01-31 (European Economics)
- NEP-INT-2009-01-31 (International Trade)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Alain Kabundi & Francisco Nadal De Simone, 2011.
"France in the global economy: a structural approximate dynamic factor model analysis,"
Springer, vol. 41(2), pages 311-342, October.
- Francisco Nadal-De Simone & Alain N. Kabundi, 2007. "France in the Global Economy: A Structural Approximate Dynamic Factor Model Analysis," IMF Working Papers 07/129, International Monetary Fund.
- Natalia T. Tamirisa & Alain N. Kabundi & Deniz Igan & Francisco Nadal-De Simone & Marcelo Pinheiro, 2009.
"Three Cycles: Housing, Credit, and Real Activity,"
IMF Working Papers
09/231, International Monetary Fund.
- Bernardina Algieri, 2011. "Modelling export equations using an unobserved component model: the case of the Euro Area and its competitors," Empirical Economics, Springer, vol. 41(3), pages 593-637, December.
- Hartmut Egger & Etzel Daniel & Hagen Lesch & Holger Zernanek & Christoph Moser, 2011. "Braucht Europa eine Koordinierung der nationalen Lohnpolitiken?," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 64(02), pages 03-15, 02.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).
If references are entirely missing, you can add them using this form.