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Recent French Export Performance; Is There a Competitiveness Problem?

Author

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  • Alain N. Kabundi
  • Francisco d Nadal De Simone

Abstract

Recently, 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.

Suggested Citation

  • Alain N. Kabundi & Francisco d Nadal De Simone, 2009. "Recent French Export Performance; Is There a Competitiveness Problem?," IMF Working Papers 09/2, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:09/2
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    Cited by:

    1. Alain Kabundi & Francisco Nadal De Simone, 2011. "France in the global economy: a structural approximate dynamic factor model analysis," Empirical Economics, Springer, vol. 41(2), pages 311-342, October.
    2. 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.
    3. Alain Kabundi & Elsabé Loots, 2010. "Patterns Of Co‐Movement Between South Africa And Germany: Evidence From The Period 1985 To 2006," South African Journal of Economics, Economic Society of South Africa, vol. 78(4), pages 383-399, December.
    4. International Monetary Fund, 2010. "France; Selected Issues Paper," IMF Staff Country Reports 10/243, International Monetary Fund.
    5. Igan, Deniz & Kabundi, Alain & Nadal De Simone, Francisco & Pinheiro, Marcelo & Tamirisa, Natalia, 2011. "Housing, credit, and real activity cycles: Characteristics and comovement," Journal of Housing Economics, Elsevier, vol. 20(3), pages 210-231, September.
    6. Hartmut Egger & Etzel Daniel & Hagen Lesch & Holger Zernanek & Christoph Moser, 2011. "Braucht Europa eine Koordinierung der nationalen Lohnpolitiken?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(02), pages 03-15, February.
    7. Alain Kabundi & Elsabé Loots, 2009. "Patterns of co-movement between a developed and emerging market economy: The case of South Africa and Germany," Working Papers 159, Economic Research Southern Africa.
    8. Natalia T. Tamirisa & Alain N. Kabundi & Deniz O Igan & Francisco d Nadal De Simone & Marcelo Pinheiro, 2009. "Three Cycles; Housing, Credit, and Real Activity," IMF Working Papers 09/231, International Monetary Fund.

    More about this item

    Keywords

    Euro Area; Exports; Export competitiveness; Productivity; Performance indicators; France; International trade; Terms of trade; Trade models; Competitiveness; Dynamic Factor Models; fixed capital formation; capital formation; transport equipment; business cycles;

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