Competitiveness in the Southern Euro Area

Competitiveness in the Southern Euro Area PDF Author: Mr.Yuan Xiao
Publisher: International Monetary Fund
ISBN: 145186972X
Category : Business & Economics
Languages : en
Pages : 116

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Book Description
This collection of studies analyzes developments in nonprice external competitiveness of France, Greece, Italy, Portugal, and Spain. While France, Italy, and Portugal have experienced substantial export market share losses, Greece and Spain performed relatively well. Export market share losses appear associated with rigidities in resource allocation (sectoral, geographical, technological) relative to peers and lower productivity gains in high value-added sectors. Disaggregated analysis of goods and services export markets provides insights on aspects such as quality, market concentration, growth of destination markets, and geographical and sectoral diversification. Also, increased import penetration, offshoring and FDI could improve productivity and export performance.

Competitiveness in the Southern Euro Area

Competitiveness in the Southern Euro Area PDF Author: Mr.Yuan Xiao
Publisher: International Monetary Fund
ISBN: 145186972X
Category : Business & Economics
Languages : en
Pages : 116

Get Book Here

Book Description
This collection of studies analyzes developments in nonprice external competitiveness of France, Greece, Italy, Portugal, and Spain. While France, Italy, and Portugal have experienced substantial export market share losses, Greece and Spain performed relatively well. Export market share losses appear associated with rigidities in resource allocation (sectoral, geographical, technological) relative to peers and lower productivity gains in high value-added sectors. Disaggregated analysis of goods and services export markets provides insights on aspects such as quality, market concentration, growth of destination markets, and geographical and sectoral diversification. Also, increased import penetration, offshoring and FDI could improve productivity and export performance.

France, Greece, Italy, Portugal, And Spain -competitiveness In The Southern Euro Area

France, Greece, Italy, Portugal, And Spain -competitiveness In The Southern Euro Area PDF Author: Herman Z. Bennett
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451980691
Category :
Languages : en
Pages : 1665

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Book Description
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Competitiveness in the Southern Euro Area

Competitiveness in the Southern Euro Area PDF Author: International Monetary Fund Staff
Publisher:
ISBN: 9781451834871
Category :
Languages : en
Pages :

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Book Description
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Economic Convergence in the Euro Area: Coming Together or Drifting Apart?

Economic Convergence in the Euro Area: Coming Together or Drifting Apart? PDF Author: Mr.Jeffrey R. Franks
Publisher: International Monetary Fund
ISBN: 1484338499
Category : Business & Economics
Languages : en
Pages : 47

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Book Description
We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income convergence. Business cycles became more synchronized, but the amplitude of those cycles diverged. Financial cycles showed a similar pattern: sychronizing more over time, but with divergent amplitudes. Income convergence requires reforms boosting productivity growth in lagging countries, while cyclical and financial convergence can be enhanced by measures to improve national and euro area fiscal policies, together with steps to deepen the single market.

Democratic Quality in Southern Europe

Democratic Quality in Southern Europe PDF Author: Tiago Fernandes
Publisher: University of Notre Dame Pess
ISBN: 026820778X
Category : Political Science
Languages : en
Pages : 226

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Book Description
Fueled by new data from the Varieties of Democracy project, Democratic Quality in Southern Europe takes a close look at the democratic trajectories of France, Greece, Italy, Portugal, and Spain over the past fifty years. Despite similar beginnings, France, Greece, Italy, Portugal, and Spain have experienced significant variations in the way their democracies have evolved. Covering ground from the protest movements of the late ’60s and early ’70s to the challenges that resulted from the financial crisis of the Great Recession, editor Tiago Fernandes expertly draws together a collection of essays that look beyond the impact of socioeconomic development in these five countries, exploring innovative and nuanced explanations for their diverging paths. Democratic Quality in Southern Europe combines new data with classical methodologies to create fresh, convincing hypotheses on the development, quality, and depth of democracy in this critical region. Contributors: Tiago Fernandes, Rui Branco, João Cancela, Edna Costa, Pedro Diniz de Sousa, Pedro T. Magalhães, Edalina Rodrigues Sanches, José Santana-Pereira, Tiago Tibúrcio

Political Economy Perspectives on the Greek Crisis

Political Economy Perspectives on the Greek Crisis PDF Author: Ioannis Bournakis
Publisher: Springer
ISBN: 3319637061
Category : Business & Economics
Languages : en
Pages : 397

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Book Description
This book offers a comprehensive guide to the on-going Greek debt crisis. It identifies and explains Greece’s idiosyncratic weaknesses, and highlights the existing rigidities in the EU architecture that make the recovery prospects of the Greek economy challenging. Chapters from expert contributors highlight aspects of the performance of the Greek economy with focus on export performance, labour market conditions, political cycles and regional income disparities. The book then goes on to outline the banking system in Greece in the post-crisis era, and includes analysis that explains how the credit rating score affected Greece’s borrowing capacity prior to the start of the insolvency crisis. The final part analyses and compares alternative scenarios of fiscal consolidation, seeking to identify whether there are alternatives to fiscal austerity and the impact of each one of them. This section also clarifies various misconceptions about the significant determinants of international competitiveness. Despite the focus of the book, the lessons drawn from the chapters are not limited to Greece. This volume will be of interest to academics, practitioners and policy makers who wish to take a closer look at the Greek debt crisis and learn more about the challenges the Greek economy is currently facing.

Reforming the Legal and Institutional Framework for the Enforcement of Civil and Commercial Claims in Portugal

Reforming the Legal and Institutional Framework for the Enforcement of Civil and Commercial Claims in Portugal PDF Author: Sebastiaan Pompe
Publisher: International Monetary Fund
ISBN: 1513513087
Category : Business & Economics
Languages : en
Pages : 41

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Book Description
This paper discusses the recent major reforms in the area of civil and commercial claims enforcement undertaken by the Portuguese authorities in the context of the IMF/EU-supported adjustment program. The economic literature has long recognized that slow claims enforcement affects economic growth, foreign direct investment, credit and labor markets, and firm size. The Portuguese authorities together with IMF/EU staff deployed a novel approach that has focused on incentives tackling weaknesses in the enforcement process with the aim of increasing the efficiency and effectiveness of claims enforcement and resolving court backlogs. The paper finds impressive quantifiable changes affecting, in particular, court backlog reduction, court processing speed, and private debt recovery. The economic literature suggests that this will impact positively on the payment culture and overall growth, even if such impact cannot be determined at this stage.

Malta

Malta PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451826648
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
This 2008 Article IV Consultation highlights that Malta has experienced a three-year-long expansion reflecting strong foreign direct investment, export diversification, and value-added upgrading. Financial soundness indicators held up in 2007 despite unfavorable international developments. The banking sector’s liquidity and funding profile are healthy, and banks have remained profitable despite markdowns in security portfolios. Nonperforming loans fell further but are still comparatively high and thinly provisioned. The authorities are unbundling and opening to private participation the fuel and gas operations of the public energy company.

Economic Growth in the European Union

Economic Growth in the European Union PDF Author: Christos Nikas
Publisher: Springer Nature
ISBN: 3030482103
Category : Business & Economics
Languages : en
Pages : 191

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Book Description
This book studies the economic recovery of individual European Union member states more than ten years after the beginning of the global economic crisis. In light of austerity policies and conservative government investments in many EU countries, it explores how higher growth rates can be achieved by stimulating firms and economic sectors with a high accelerator potential. The contributing authors analyze the effects of EU policies on small and medium-sized enterprises (SMEs), while also studying EU policies with the potential to foster investments and economic growth. Furthermore the book assesses the EU policy on foreign direct investment (FDI) in the member states, in comparison with similar policies in Russia and the US. The authors demonstrate that FDI, besides providing financial resources, can facilitate modernization especially in the high technology sectors. Finally, the book provides a sector analysis and policy recommendations on tourism and immigration, as well as economic protectionism, since tourism has proved to be the most dynamic sector, especially in the European South, while immigration is one of the most serious issues the EU is currently facing. This book will appeal to scholars in economics and related fields, as well as decision-makers and professionals at governmental institutions looking for policy measures and tools to stimulate economic growth.

OECD Economic Surveys: France 2009

OECD Economic Surveys: France 2009 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264054324
Category :
Languages : en
Pages : 135

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Book Description
The French economy has not escaped the severe recession gripping all developed countries, but it should be less deep than elsewhere due to powerful automatic stabilisers. Nevertheless, the crisis will leave public finances in a serious condition ...