Competitiveness in the European Economy

Collignon, Stefan; Esposito, Piero

doi:10.4324/9781315817002

Cited by 9 publications

(4 citation statements)

References 9 publications

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“…According to Weresa [2014], in line with this approach competitiveness should be understood as the country's own place within the global economy. In practice, this is reflected in its contribution to broadly understood international trade, indicating the country's position in relation to other economies in trade in goods, services and the flow of international production factors [Carbaugh, 2017;Collignon, Esposito, 2014;Fagerberg, 1996].…”

Section: Research Methodology and Datamentioning

confidence: 99%

Long-Term Comparative Advantages of the Eurasian Economic Union Member States in International Trade

Falkowski

2017

International Journal of Management and Economics

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On 1st January 2015 the Eurasian Economic Union (EAEU) -a new integration block comprising initially Belarus, Kazakhstan, and Russia, and later that year also Armenia and Kyrgyzstan -appeared on the world map. This paper endeavors to identify the EAEU countries' long-term international comparative advantages within four basic groups of goods according to the OECD classification of manufacturing industries based on technology intensity. The analysis, using B. Balassa's RCA methodology and covering the years 2000-2014, indicates that these countries lack competitiveness, with none of them possessing any RCAs in the high-technology category whereas in the medium-hightechnology category -only Belarus. In contrast, all the EAEU countries fared the best in the medium-low-technology category, which is mostly attributable to the resources-based character of their economies. Surprisingly, dramatically low international competitiveness was recorded by Kazakhstan and Russia.

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Section: Research Methodology and Datamentioning

confidence: 99%

Long-Term Comparative Advantages of the Eurasian Economic Union Member States in International Trade

Falkowski

2017

International Journal of Management and Economics

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“…Competitiveness, on the contrary, is a characteristic of a country on the real global market distorted by various government policies. Dynamic character of competitive advantages under the conditions of an open economy inversely to comparative advantages is stressed by Weresa [69], Carbaugh [70], Collignon and Esposito [71], and Fagerberg [72].…”

Section: Stage 1: Balassa Indexmentioning

confidence: 99%

Sustainability-Related Implications of Competitive Advantages in Agricultural Value Chains: Evidence from Central Asia—China Trade and Investment

Erokhin

2020

Sustainability

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More stable value chains in agriculture allow countries to take the best advantage of their factor endowments and thus achieve the UN Sustainable Development Goal on ending hunger. It is, however, difficult to interpret such advantages properly due to the multivariate effects of natural, technological, and economic variables on agricultural output and food supply. The authors attempt to tackle this challenge by developing the approach to the identification of competitive advantages and matching them with the production capabilities of agricultural sectors in Central Asia. The application of Revealed Comparative Advantage (RCA), Relative Trade Advantage (RTA), Lafay Competitive Advantage (LI), and Domestic Resource Costs (DRC) indexes to the array of 37 products results in the revealing of comparative, trade, competitive, and production advantages of five Central Asian economies for labor-intensive horticultural products and grains. Capital and technology-intensive sectors of animal husbandry and food processing are recognized as low competitive. Taking Central Asia–China collaboration as a model, the authors elaborate policy measures aimed at support, promotion, or establishment of competitive advantages. The application of the measures facilitates the concentration of the resources toward competitive and conditionally competitive products, allows to protect fragile advantages in marginally competitive sectors, and contributes to the overall improvement of stakeholders’ performance across agricultural value chains in the region.

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“…For instance, low German inflation resulted in a depreciation of its real exchange rate. This increased the relative competitiveness of German exports to the rest of the world (Collignon and Esposito 2014). In contrast, nations with high inflation, such as Greece and Spain, experienced a reduction in competitiveness.…”

Section: Theory Developmentmentioning

confidence: 99%

“…Foremost, in accordance with OCA theory, the EMU ought to move towards increased fiscal, budgetary and banking integration capable of reconciling differences generated by the asymmetric productivity of members (Arestis et al, 2003;Arestis and Sawyer 2006a, 2006b, 2006c. Without a system of substantial fiscal transfers, the EMU creates tensions that undermine the EU's efforts to create an economically and politically balanced region (Collignon and Esposito 2014).…”

Section: Policy Implicationsmentioning

confidence: 99%

Continental Drift: Is the Euro’s Fixed Exchange Rate Regime Undermining Cohesion Policy?

Day¹

2020

European Review

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The ravages of two world wars and a desire to develop a politically and economically united Europe led to the establishment of the Eurozone in January 1999. The European Monetary Union was a grand experiment that brought 11 European nations under a single currency, the euro. Complexities associated with the implementation of effective fiscal, budgetary and banking coordination left the bloc vulnerable to asymmetries in the productivity and factor markets of its members. This article analyses how adoption of the euro, which prevented nominal exchange rate adjustments, impacted on the competitiveness and real economies of member states, thereby undermining the European Union’s key priority of creating balanced economic growth and productivity.

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Competitiveness in the European Economy

Cited by 9 publications

References 9 publications

Long-Term Comparative Advantages of the Eurasian Economic Union Member States in International Trade

Long-Term Comparative Advantages of the Eurasian Economic Union Member States in International Trade

Sustainability-Related Implications of Competitive Advantages in Agricultural Value Chains: Evidence from Central Asia—China Trade and Investment

Continental Drift: Is the Euro’s Fixed Exchange Rate Regime Undermining Cohesion Policy?

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