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Les industries de haute technologie de la zone euro et des États-Unis. Une étude comparée de la compétitivité et des parts de marché

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  • Sarah Guillou

Abstract

The aim of this paper is first, to analyze the nature of the gap in high tech industries (HT), between the United States and the EMU, and second, to investigate the link between cost competitiveness and market shares in these industries. We show that there is a growing production gap between US and EMU, in favour of US, since the beginning of 1990s. But surprisingly, EMU exports caught up the US exports in HT while the EMU increased its world market shares. Our investigation of the relationship between export market shares and cost competitiveness leads to two results. We conclude first, that the cost-competitiveness, through the exchange rate and the labour productivity, affects the changes in market shares of HT; second, that a non-cost competitiveness is also acting. The latter is conveyed by higher labour cost associated to high skilled qualification. JEL Codes: F14, L63, L60, F31, O30.

Suggested Citation

  • Sarah Guillou, 2006. "Les industries de haute technologie de la zone euro et des États-Unis. Une étude comparée de la compétitivité et des parts de marché," Revue de l'OFCE, Presses de Sciences-Po, vol. 98(3), pages 37-76.
  • Handle: RePEc:cai:reofsp:reof_098_76
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    References listed on IDEAS

    as
    1. Carlin, Wendy & Glyn, Andrew & Van Reenen, John, 2001. "Export Market Performance of OECD Countries: An Empirical Examination of the Role of Cost Competitiveness," Economic Journal, Royal Economic Society, vol. 111(468), pages 128-162, January.
    2. Pinelopi Koujianou Goldberg & Michael M. Knetter, 1997. "Goods Prices and Exchange Rates: What Have We Learned?," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1243-1272, September.
    3. Sarah Guillou, 2006. "Competitiveness and export market shares in high tech industries in the US and the EMU countries: A comparative study," Sciences Po publications 2006-18, Sciences Po.
    4. Marius Brülhart, 1998. "Trading Places: Industrial Specialization in the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 36(3), pages 319-346, September.
    5. Fagerberg, Jan, 1994. "Technology and International Differences in Growth Rates," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1147-1175, September.
    6. M. Landesmann & M. Pfaffermayr, 1997. "Technological competition and trade performance," Applied Economics, Taylor & Francis Journals, vol. 29(2), pages 179-196.
    7. repec:spo:wpecon:info:hdl:2441/941 is not listed on IDEAS
    8. Fagerberg, Jan, 1988. "International Competitiveness," Economic Journal, Royal Economic Society, vol. 98(391), pages 355-374, June.
    9. Ricardo A. López, 2005. "Trade and Growth: Reconciling the Macroeconomic and Microeconomic Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 19(4), pages 623-648, September.
    10. Fagerberg, Jan, 1988. "International Competitiveness: Errata," Economic Journal, Royal Economic Society, vol. 98(393), pages 1203-1203, December.
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    More about this item

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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