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N° 2010-12 |
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| July 2010 |
| European Export Performance |
Angela Cheptea
Lionel Fontagné
Soledad Zignago |
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| Countries no longer specialise in products or sectors, but in varieties of the same product (sold at different
prices). To study the way in which the European Union copes with the emergence of new big world
exporters in this context, we analyse the redistribution of world market shares at the level of product
variety. We distinguish for each product three price ranges. We decompose the growth of exports into
structural effects (geographic and sectoral) and into a pure performance effect. From 1994 to 2007 the
EU25 withstood the competition of emerging countries better than the U.S. and Japan. European market
share losses arise during the 1994-2000 period, and are mainly explained by poor export performance
of old member states. More precisely, the EU gains market shares in the upper segment of the market,
by cumulating good performance and favourable structure effects, contrary to the U.S. and Japan which
withdraw extensively from this segment of the market. Finally, all developed countries lose market shares
in high-technology products to developing countries, with the EU losing less than other countries. |
Non-technical summary  |
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Résumé
non-technique
en français |
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| Full text |
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| International Trade, Export Performance, Market Shares, Shift-Share, European
Union |
Keywords |
| F12, F15 |
JEL classification |
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