The Dynamics of Product Quality and International Competitiveness [electronic resource] Mody, Ashoka.

Mody, Ashoka.
Washington, D.C. : International Monetary Fund, 2007.
Government document
1 online resource (33 p.)
IMF eLibrary
IMF Working Papers; Working Paper No. 07/97.
IMF Working Papers; Working Paper No. 07/97

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Local subjects:
Bilateral trade. (search)
Commodity trade. (search)
Consumer goods. (search)
Country and Industry Studies of Trade. (search)
Country of origin. (search)
Domestic production. (search)
Economic integration. (search)
Export basket. (search)
Export competitiveness. (search)
Export data. (search)
Export expansion. (search)
Export flows. (search)
Export growth. (search)
Export performance. (search)
Export quality. (search)
Export share. (search)
Export shares. (search)
Export structure. (search)
Export unit. (search)
Exporting country. (search)
External finance. (search)
Global trade. (search)
Imperfect competition. (search)
Importing countries. (search)
Income convergence. (search)
International markets. (search)
International standard. (search)
International trade. (search)
Models of Trade with Imperfect Competition and Scale Economies. (search)
Open economies. (search)
Other. (search)
Partner country. (search)
Product differentiation. (search)
Real effective exchange rate. (search)
Reer. (search)
Share of exports. (search)
Share of world exports. (search)
Skilled labor. (search)
Trade barriers. (search)
Trade data. (search)
Trade flows. (search)
Trade liberalization. (search)
Trade models. (search)
Trade values. (search)
Trade-weighted average. (search)
Trading partner. (search)
Trading partners. (search)
World exports. (search)
World market. (search)
World markets. (search)
World trade. (search)
Bulgaria. (search)
Congo, Democratic Republic of the. (search)
Czech Republic. (search)
European Union. (search)
Hong Kong Special Administrative Region of China. (search)
Macedonia, former Yugoslav Republic of. (search)
Poland. (search)
Romania. (search)
Saint Lucia. (search)
Slovak Republic. (search)
Slovenia. (search)
Sri Lanka. (search)
Despite the appreciation of the exchange rate, the eight Central and Eastern European countries (the CEE-8) that entered the European Union in May 2004 have achieved a decade of impressive export growth, expanding significantly their shares of world markets. Does this mean that the real exchange rate is irrelevant? If not, what other factors compensated for the appreciation to explain the apparently strong competitiveness of these economies? And will these favorable factors continue to power export growth? This paper places in international context the achievements of the CEE-8 and helps more broadly to identify the determinants of international competitiveness. Building from data at the six-digit level of disaggregation, it shows that the CEE-8 made an impressive shift in product quality and in the technological intensity of exports, and that these shifts associated with the structural transformation were also associated with increased market share. The analysis strongly suggests that, when trading in international markets, countries benefit from higher product quality. However, while the structural transformation achieved was valuable in raising market shares, the easy gains from this process may be over.
Description based on print version record.
Fabrizio, Stefania.
Igan, Deniz.
Mody, Ashoka.
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