Globalisation and Euro Area Trade: Interactions and Challenges

Baumann, Ursel; Mauro, Filippo di

doi:10.2139/ssrn.923379

Cited by 13 publications

(9 citation statements)

References 9 publications

(11 reference statements)

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“…This section explores further the extent to which trade shocks originating from outside the euro area contributed to the build-up in current account imbalances for euro area countries, in particular through an asymmetric impact on Germany and euro area debtor countries. Various microeconomic studies have found that some Southern European countries' exports lost competitiveness vis-à-vis their trading partners over the past decade on the basis of a range of structural indicators (see ECB, 2005;Baumann and di Mauro, 2007;di Mauro and Foster, 2008;Bennett et al, 2008;IMF, 2010).However, the trade literature has often focused on explaining the evolution of intra-euro area trade (Rose, 2000;Micco et al, 2003;Schmitz and von Hagen, 2009;Baldwin et al, 2005;Flam and Nordstrom, 2006b).…”

Section: Competitivenessmentioning

confidence: 99%

External Imbalances in the Euro Area

2012

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Section: Competitivenessmentioning

confidence: 99%

External Imbalances in the Euro Area

2012

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“…The increasing international fragmentation of production chains raises the "import content of exports", in other words higher exports require higher imports of intermediate goods, in particular parts and components. A description of this phenomenon and some international evidence is presented in Jones et al (2004), some empirical evidence specific to the Euro-zone can be found in Baumann and Di Mauro (2007). In the same spirit, export intensity growth is itself a result of increased integration of production.…”

Section: (/ (10)mentioning

confidence: 99%

Trends in the Competitiveness of Selected Industrial Sectors in ETR Countries

Salmons¹,

Miltner²

2009

Carbon-Energy Taxation

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The objective of this chapter is to assess whether the carbon‐energy taxes introduced under the environmental tax reforms (ETRs) that were implemented in seven European Union countries between 1990 and 2001 have had any impact on the competitiveness of selected industrial sectors in those countries. Underlying the analyses is a series of country datasets with each dataset containing generic data such as exchange rates and emission factors, and sector‐specific data on energy use, energy prices and taxes, economic variables, and labour market variables. By definition, if an ETR raises the production cost of a firm, or the average production cost for a sector, then it has a negative impact on competitiveness compared to the (hypothetical) situation if the ETR had not been implemented – all else being equal. However, from a policy perspective it is more relevant to consider whether there has been any deterioration in competitiveness compared to the (actual) situation before the ETR was implemented.

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“…Featuring a statistically signifi cant negative time trend over the last years, this equation also points to an increasing role of other structural factors affecting euro area market shares. 14 As shown in Baumann and di Mauro (2007), the rising global trade integration of China -which has also led to a rise in intra-regional trade between Asian countries -seems to be the main counterpart of this non-price related fall in euro area export market share. 15 Signs of a possible decoupling of export performance (see Chart 14) from developments in price competitiveness also appear when looking at individual euro area countries, particularly more recently.…”

Section: Price Competitiveness and Export Performancementioning

confidence: 99%