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Sectoral specialisation and the 2014-16 downturn in France’s foreign trade
[Spécialisation sectorielle et rechute du commerce extérieur français en 2014-2016]

Author

Listed:
  • Hadrien Camatte
  • Guillaume Gaulier

Abstract

The contribution of foreign trade to French growth was strongly negative between 2014 and 2016. Although, on average, the contribution from sectoral specialisation is more positive in France than for its European partners, it also implies a dependence on a limited number of sectors. The difficulties experienced by France's stronghold export sectors explain a large part of the downturn in the French trade balance between 2014 and 2016. La contribution du commerce extérieur à la croissance française a été très négative entre 2014 et 2016. Si la spécialisation sectorielle française est en moyenne plus porteuse que celle de ses partenaires européens, elle implique aussi une dépendance envers un nombre limité de secteurs. Or, ce sont les difficultés rencontrées par ces points forts de la spécialisation qui expliquent pour une large part la rechute du solde commercial français de 2014 à 2016.

Suggested Citation

  • Hadrien Camatte & Guillaume Gaulier, 2018. "Sectoral specialisation and the 2014-16 downturn in France’s foreign trade [Spécialisation sectorielle et rechute du commerce extérieur français en 2014-2016]," Eco Notepad 78, Banque de France.
    • Handle: RePEc:bfr:econot:78
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