Shedding Light on Price- and Non-price-competitiveness Determinants of Foreign Trade in the Four Largest Euro-area Countries

2016 ◽  
Vol 24 (3) ◽  
pp. 604-634 ◽  
Author(s):  
Claire Giordano ◽  
Francesco Zollino
Keyword(s):  
Foreign Trade ◽  
Euro Area ◽  
Price Competitiveness

scholarly journals Synchronization of business cycles in the selected European countries

2013 ◽  
Vol 60 (6) ◽  
pp. 759-773 ◽  
Author(s):  
Sasa Obradovic ◽  
Vladimir Mihajlovic
Keyword(s):  
Business Cycles ◽  
Foreign Trade ◽  
Correlation Coefficient ◽  
Euro Area ◽  
Pearson Correlation ◽  
Rank Correlation ◽  
Optimum Currency Area ◽  
Trade Volume ◽  
Currency Area ◽  
Optimum Currency

The synchronization of business cycles represents one of the conditions that countries have to fulfil to become part of an optimum currency area, as well as a condition for the efficient implementation of a common economic policy in these countries. This paper examines the extent to which Serbia and its neighbouring countries fulfil these conditions, taking the euro area as an optimum currency area. By applying the Hodrick-Prescott and the band-pass filters, as well as the Pearson correlation coefficient and the Spearman rank correlation coefficient, this paper examines the synchronization of business cycles in these countries. Taking Serbia as an example, the influence of the foreign trade volume between two countries on the similarity of their business cycles is tested. The results show a lower harmonization of business cycles in Serbia with those in the euro area, when compared with the selected neighbouring countries, and do not confirm the thesis on the influence of the foreign trade volume on the harmonization of business cycles.

New indicators to assess price-competitiveness developments in the four largest euro-area countries and in their main trading partners

2016 ◽  
Vol 41 (3) ◽  
pp. 203-235 ◽  
Author(s):  
Alberto Felettigh ◽  
Claire Giordano ◽  
Giacomo Oddo ◽  
Valentina Romano
Keyword(s):  
Euro Area ◽  
Price Competitiveness ◽  
Trading Partners

scholarly journals Competitiveness of the European Union in Light of Foreign Trade

2020 ◽  
Vol 16 (Special Issue) ◽  
pp. 413-422
Author(s):  
Róbert Magda ◽  
Norbert Bozsik
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
Euro Area ◽  
Rapid Growth ◽  
Oil Prices ◽  
Terms Of Trade ◽  
The European Union ◽  
Very High ◽  
The Eu ◽  
Trade Index

The main aim of this study is to ana­lyse and present com­pet­it­ive­ness in order to eval­u­ate trends in the Mem­ber States of the EU. Com­pet­it­ive­ness is ex­plained at a cor­por­ate, na­tional and re­gional level. Two im­port­ant stat­ist­ical in­dic­at­ors are con­sidered for its cal­cu­la­tion: the Com­mod­ity terms of trade (C), also known as the net barter terms of trade (N), and the In­come terms of trade index (I), which com­mu­nic­ates the cor­rel­a­tion between changes in quant­ity and price. A stable eco­nomy re­quires sur­plus in the trade bal­ance and im­prove­ment in ex­change rate. The primary pur­pose of the goods ex­port in­dic­ator is to cap­ture the know­ledge cap­ital avail­able in a coun­try in order to provide char­ac­ter­ist­ics and map the struc­ture of trade for use as gauging tools. The three na­tions in which ex­port sur­plus to GDP is very high are the Neth­er­lands, Switzer­land, and Ire­land. Neg­at­ive trade bal­ances have been re­cog­nised in Ro­mania, France, and the United King­dom. As a res­ult of changes in prices and volumes, nom­inal trad­ing val­ues were seen to rise con­tinu­ously in 2018. Global com­mod­ity ex­ports glob­ally in­creased by 10 per cent, pre­dom­in­antly pro­pelled by 20 per cent in­crease in oil prices. Rapid growth and de­vel­op­ment in in­nov­a­tion trig­gers in­crease in GDP and ex­ports. Ad­di­tion­ally, it is ob­served that ex­port grows sig­ni­fic­antly faster in the Euro Area Mem­ber States than in non-EEA Mem­ber States.

Russian foreign trade price competitiveness

2014 ◽  
pp. 108-129
Author(s):  
A. Gnidchenko ◽  
V. Salnikov
Keyword(s):  
Foreign Trade ◽  
Export Price ◽  
Import Prices ◽  
Price Competitiveness ◽  
Competitiveness Index ◽  
Monitoring Quality

We examine export and import prices for Russian commodities relative to world prices during 2002—2011 across aggregated and disaggregated commodity groups. We also propose an aggregated export price competitiveness index as a tool of monitoring quality dynamics and a composite price competitiveness rating by commodity groups.

Price Competitiveness in Russian Foreign Trade

2014 ◽  
Vol 57 (5) ◽  
pp. 3-36 ◽  
Author(s):  
Andrei Gnidchenko ◽  
Vladimir Sal'nikov
Keyword(s):  
Foreign Trade ◽  
Price Competitiveness
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