Trends in Italy's Nonprice Competitiveness:
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 empir...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
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Schriftenreihe: | IMF Working Papers
Working Paper No. 08/124 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (34 p) |
ISBN: | 1451869843 9781451869842 |
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spelling | Lissovolik, Bogdan Verfasser aut Trends in Italy's Nonprice Competitiveness Lissovolik, Bogdan Washington, D.C International Monetary Fund 2008 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/124 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 Online-Ausg http://elibrary.imf.org/view/IMF001/09249-9781451869842/09249-9781451869842/09249-9781451869842.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Lissovolik, Bogdan Trends in Italy's Nonprice Competitiveness |
title | Trends in Italy's Nonprice Competitiveness |
title_auth | Trends in Italy's Nonprice Competitiveness |
title_exact_search | Trends in Italy's Nonprice Competitiveness |
title_exact_search_txtP | Trends in Italy's Nonprice Competitiveness |
title_full | Trends in Italy's Nonprice Competitiveness Lissovolik, Bogdan |
title_fullStr | Trends in Italy's Nonprice Competitiveness Lissovolik, Bogdan |
title_full_unstemmed | Trends in Italy's Nonprice Competitiveness Lissovolik, Bogdan |
title_short | Trends in Italy's Nonprice Competitiveness |
title_sort | trends in italy s nonprice competitiveness |
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