ENGLISH

Recent French Export Performance: Is There a Competitiveness Problem?

By Alain N. Kabundi; Francisco Nadal-De Simone

Book information

Publisher
International Monetary Fund
Year
2009
ISBN
9781451915853, 9781451871494
LCC
HF1416.6.F8 -- K33 2009eb
Language
english
Format
EPUB
Filesize
5 MB (4994169 bytes)
Series
IMF Working Papers
Edition
1
Pages
75\0
Time added
2023-08-25 23:51:04
Export marketing -- France. ; CompetitionInternational.

Description

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.

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