04034nam 2200637Ia 450 991046422920332120201015235549.01-4623-1845-21-4527-5613-91-282-84225-097866128422521-4518-7149-X(CKB)3170000000055170(EBL)1608120(SSID)ssj0000943039(PQKBManifestationID)11593659(PQKBTitleCode)TC0000943039(PQKBWorkID)10975009(PQKB)10800656(OCoLC)467914161(MiAaPQ)EBC1608120(EXLCZ)99317000000005517020041202d2009 uf 0engtxtccrRecent French export performance[electronic resource] is there a competitiveness problem? /prepared by Alain Kabundi and Francisco Nadal De Simone[Washington D.C.] International Monetary Fund20091 online resource (75 p.)IMF working paper ;WP/09/2Description based upon print version of record.1-4519-1585-3 Includes bibliographical references.Contents; I. Introduction; II. Data and Non-Stationarity; A. Data; B. Dealing with Non-Stationarity; III. Descriptive Part: Facts Without the Noise; IV. Analytical Part: ULCM and TOT Shocks; A. The Model and Economic Conditions for Shocks Identification; B. Estimation; V. Econometric Results; A. The 1990's Until Today; VI. Conclusion and Policy Implications; Figures; 1. Cyclical Part; 2. Trend Part; Tables; 1. Trend Exports per Destination; 2. Trend Exports per Products SITC3. Forecast Error Variance of the Common Components of French Variables Explained by the Supply and Demand Shocks to Unit Labor Costs in Manufacturing, 1980-2006 4. Forecast Error Variance of the Common Components of German Variables Explained by the Supply and Demand Shocks to Unit Labor Costs in Manufacturing, 1980-2006; 5. Forecast Error Variance of the Common Components of French Variables Explained by the Supply and Demand Shocks to Terms of Trade, 1980-20066. Forecast Error Variance of the Common Components of German Variables Explained by the Supply and Demand Shocks to Terms of Trade, 1980-2006 7. Forecast Error Variance of the Common Components of French Variables Explained by the Supply and Demand Shocks to ULCM, 1993-2006; 8. Forecast Error Variance of the Common Components of German Variables Explained by the Supply and Demand Shocks to ULCM, 1993-2006; Appendices; I. The Corbae-Ouliaris Ideal Band-Pass Filter; II. The Approximate Dynamic Factor Model; Annexes; I. Macroeconomic Series; II. France and Germany: Shocks to ULCM and TOTReferencesRecently, 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 ...IMF working paper ;WP/09/2.Export marketingFranceCompetition, InternationalElectronic books.Export marketingCompetition, International.658.8658.848Kabundi Alain N.1975-991074Nadal-De Simone Francisco991075MiAaPQMiAaPQMiAaPQBOOK9910464229203321Recent French export performance2267942UNINA