Trends in Italy’s Nonprice Competitiveness
| Autor: | Bogdan Lissovolik |
|---|---|
| Rok vydání: | 2008 |
| Předmět: |
Economic restructuring
Economic indicator Restructuring Economic sector Economics General Earth and Planetary Sciences Competition Economic indicators Export competitiveness Exports Italy Competitiveness restructuring export growth export performance real exports real export growth export volumes Foreign direct investment International economics Current account Diversification (marketing strategy) Export performance General Environmental Science |
| Zdroj: | IMF Working Papers. :1 |
| ISSN: | 1018-5941 |
| DOI: | 10.5089/9781451869842.001 |
| Popis: | Italy's medium-term economic performance has raised "standard" competitiveness concerns as unit labor costs surged, and real export growth fell. But the recent economic upturn, low current account deficit, and robust nominal exports argue for less pessimism. An empirical analysis confirms the standard concerns, but also suggests that "residual" factors, which partly reflect nonprice economic restructuring, have supported Italy's real exports after 2005 (as in Germany but less so in France or Spain). An investigation of selected structural trends over the past decade offers some substantiation to Italy's "restructuring story," including quality upgrading, geographical trade diversification, and outsourcing. But sluggish services, low FDI, and modest "technological" upgrading indicate limits to Italy's restructuring. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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