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Market Shares in the Wake of the Global Crisis: the Quarterly Export Competitiveness Database

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  • Gaulier, G.
  • Santoni, G.
  • Taglioni, D.
  • Zignago, S.

Abstract

Over the past two decades, international trade has become a privileged engine of growth for much of the developing world. In the wake of the global crisis, countries must pay close attention to their positioning on the global map of trade and production and become aware of how they fare relative to competitors and to their past export performance. To which extent changes in their market shares are driven by exporter own supply-side capacity as opposed to external or compositional factors, dues to their product and geographical specialization? This paper uses quarterly data, covering all exchanges flows at the product level since 2005, to compute indicators of export performance stripped of compositional effects. The resulting Export Competitiveness Database (ECD) reveals that emerging and developing regions, particularly the Asia and Pacific one, had strongest capacity to gain market shares in the most recent period, with changes reflecting growth in export volumes rather than price developments (once controlled for the composition effects). In contrast, ECD indicators also trace the legacy of the double-dip recession in the euro area, which have turned into negative the geographical effects of the traditional intra-zone specialization, despite the generally positive effects of sectoral structure. These measures of competitiveness correlate to nominal and real effective exchange rates, factors that are commonly perceived as important determinants of a country’s export competitiveness.

Suggested Citation

  • Gaulier, G. & Santoni, G. & Taglioni, D. & Zignago, S., 2013. "Market Shares in the Wake of the Global Crisis: the Quarterly Export Competitiveness Database," Working papers 472, Banque de France.
  • Handle: RePEc:bfr:banfra:472
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    Cited by:

    1. Igor Lebrun & Esther Pérez Ruiz, 2015. "Demand patterns in France, Germany and Belgium: Can We Explain the Differences?," EcoMod2015 8314, EcoMod.
    2. Françoise Lemoine & Sandra Poncet & Deniz Ünal & Clément Cassé, 2015. "L’usine du monde au ralenti ou le changement de régime du commerce extérieur chinois," Working Papers 2015-04, CEPII research center.
    3. Igor Lebrun & Esther Perez Ruiz, 2014. "Demand Patterns in France, Germany, and Belgium; Can We Explain the Differences?," IMF Working Papers 14/165, International Monetary Fund.
    4. Canuto, Otaviano & Cavallari, Matheus & Reis, Jose Guilherme, 2013. "Brazilian exports : climbing down a competitiveness cliff," Policy Research Working Paper Series 6302, The World Bank.
    5. repec:spr:italej:v:4:y:2018:i:1:d:10.1007_s40797-018-0072-8 is not listed on IDEAS
    6. Thomas Farole & Megha Mukim, 2013. "Manufacturing Export Competitiveness in Kenya : A Policy Note on Revitalizing and Diversifying Kenya's Manufacturing Sector," World Bank Other Operational Studies 16993, The World Bank.
    7. Andrew J Tiffin, 2014. "European Productivity, Innovation and Competitiveness; The Case of Italy," IMF Working Papers 14/79, International Monetary Fund.
    8. Matteo Bugamelli & Silvia Fabiani & Stefano Federico & Alberto Felettigh & Claire Giordano & Andrea Linarello, 2018. "Back on Track? A Macro–Micro Narrative of Italian Exports," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 4(1), pages 1-31, March.
    9. World Bank, 2015. "How to Sustain Export Dynamism by Reducing Duality in the Dominican Republic
      [Cómo mantener el dinamismo exportador en la República Dominicana : un diagnóstico del Banco Mundial sobre competitivida
      ," World Bank Other Operational Studies 21685, The World Bank.
    10. International Monetary Fund, 2016. "Argentina; Selected Issues," IMF Staff Country Reports 16/347, International Monetary Fund.
    11. Canuto, Otaviano & Cavallari, Matheus & Reis, José Guilherme, 2013. "The Brazilian Competitiveness Cliff," World Bank - Economic Premise, The World Bank, issue 105, pages 1-8, February.
    12. G. Gaulier & W. Steingress & S. Zignago, 2016. "The role of China in the trade slowdown," Rue de la Banque, Banque de France, issue 30, september.
    13. Lionel Fontagné & Gianluca Santoni, 2017. "Value Added in Motion: Determinants of Value Added Location within the EU," Development Working Papers 424, Centro Studi Luca d'Agliano, University of Milano, revised 24 Feb 2017.

    More about this item

    Keywords

    export competitiveness; trade performance; shift-share decomposition.;

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation

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