In the Wake of the Global Crisis : Evidence from a New Quarterly Database of Export Competitiveness
Over the past two decades, international trade has become a privileged engine of growth for much of the developing world. With the global economy evolving continuously and rapidly, countries must pay close attention to their positioning on the map...
| Main Authors: | , , , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/12/18717274/wake-global-crisis-evidence-new-quarterly-database-export-competitiveness http://hdl.handle.net/10986/16815 |
| id |
okr-10986-16815 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ADVANCED COUNTRIES ADVANCED ECONOMIES AGGREGATION TECHNIQUES ANNUAL GROWTH AVERAGE PRICE BENCHMARK BILATERAL EXCHANGE RATES BILATERAL FLOWS BILATERAL TRADE BILATERAL TRADE DATA BUSINESS REGULATION CAPACITY BUILDING CAPITAL INTENSITY CENTRAL BANK COMMODITIES COMMODITY COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGE CORRELATION COEFFICIENTS COUNTRY DUMMIES CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT IMBALANCES DATA AVAILABILITY DEBT DEBT CRISIS DEPENDENT VARIABLES DEPRECIATION DEVALUATION DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT POLICY DIRECT INVESTMENT DOLLAR VALUES DOMESTIC DEMAND DOMESTIC ECONOMY DOMESTIC MARKET DURABLE GOODS ECONOMETRIC MODELS ECONOMIC CRISIS ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC VOLATILITY ELASTICITY EQUILIBRIUM EURO ZONE EXCHANGE RATES EXPLANATORY VARIABLE EXPORT COMPETITIVENESS EXPORT GROWTH EXPORT GROWTH RATE EXPORT GROWTH RATES EXPORT MARKET EXPORT MARKETS EXPORT PERFORMANCE EXPORT PERFORMANCES EXPORTER EXPORTERS FACTOR PRICES FINANCIAL CRISIS FINANCIAL INTEGRATION FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL STABILITY FIXED EFFECTS FUTURE RESEARCH GLOBAL COMPETITIVENESS GLOBAL ECONOMY GLOBALIZATION GROWTH RATE ID IMBALANCES IMPORT IMPORTS INCOME INCOME GROUPS INFLOW OF CAPITAL INNOVATION INPUT PRICES INTERNATIONAL COMPARISON INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL PRICES INTERNATIONAL TRADE ITC JOB CREATION MACROECONOMIC CONDITIONS MACROECONOMIC INDICATORS MANUFACTURING MARKET DEVELOPMENT MARKET POSITION MARKET SHARE MARKET SHARES MARKET STRUCTURE MARKETING MONETARY UNION NATURAL RESOURCES NEW MARKETS NEW PRODUCTS OPEN ACCESS POLICY FRAMEWORKS POLITICAL ECONOMY POVERTY REDUCTION PRICE ADJUSTMENTS PRICE CHANGES PRICE COMPETITIVENESS PRICE FLUCTUATIONS PRICE INDEX PRICE INDICES PRICE VOLATILITY PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH REAL EFFECTIVE EXCHANGE RATE REAL EFFECTIVE EXCHANGE RATES REAL EXCHANGE RATE REAL EXCHANGE RATES REAL INCOME RECESSION REGRESSION ANALYSIS RELATIVE INFLATION RELATIVE PRICES RELATIVE WEIGHT RESULT RESULTS SLOW GROWTH STATISTICAL ANALYSIS STRUCTURAL CHANGE STRUCTURAL REFORMS SUPPLY CONDITIONS SUPPLY SIDE SUPPLY-SIDE TIME PERIOD TOTAL EXPORT TOTAL EXPORTS TRADE BALANCES TRADE COMPETITIVENESS TRADE DATA TRADE DEFICIT TRADE GROWTH TRADE LIBERALIZATION TRADE PATTERNS TRADE PERFORMANCE TRADE STATISTICS TRADING PARTNERS UNCERTAINTY USER USERS USES VALUE CHAIN VALUE CHAINS VALUE INDICES VOLATILITY VOLUME OF TRADE WAGE RATES WAGES WEB WEIGHTS WORLD DEMAND WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD MARKET WORLD MARKET SHARE WORLD MARKET SHARES WORLD MARKETS WORLD TRADE |
| spellingShingle |
ADVANCED COUNTRIES ADVANCED ECONOMIES AGGREGATION TECHNIQUES ANNUAL GROWTH AVERAGE PRICE BENCHMARK BILATERAL EXCHANGE RATES BILATERAL FLOWS BILATERAL TRADE BILATERAL TRADE DATA BUSINESS REGULATION CAPACITY BUILDING CAPITAL INTENSITY CENTRAL BANK COMMODITIES COMMODITY COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGE CORRELATION COEFFICIENTS COUNTRY DUMMIES CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT IMBALANCES DATA AVAILABILITY DEBT DEBT CRISIS DEPENDENT VARIABLES DEPRECIATION DEVALUATION DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT POLICY DIRECT INVESTMENT DOLLAR VALUES DOMESTIC DEMAND DOMESTIC ECONOMY DOMESTIC MARKET DURABLE GOODS ECONOMETRIC MODELS ECONOMIC CRISIS ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC VOLATILITY ELASTICITY EQUILIBRIUM EURO ZONE EXCHANGE RATES EXPLANATORY VARIABLE EXPORT COMPETITIVENESS EXPORT GROWTH EXPORT GROWTH RATE EXPORT GROWTH RATES EXPORT MARKET EXPORT MARKETS EXPORT PERFORMANCE EXPORT PERFORMANCES EXPORTER EXPORTERS FACTOR PRICES FINANCIAL CRISIS FINANCIAL INTEGRATION FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL STABILITY FIXED EFFECTS FUTURE RESEARCH GLOBAL COMPETITIVENESS GLOBAL ECONOMY GLOBALIZATION GROWTH RATE ID IMBALANCES IMPORT IMPORTS INCOME INCOME GROUPS INFLOW OF CAPITAL INNOVATION INPUT PRICES INTERNATIONAL COMPARISON INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL PRICES INTERNATIONAL TRADE ITC JOB CREATION MACROECONOMIC CONDITIONS MACROECONOMIC INDICATORS MANUFACTURING MARKET DEVELOPMENT MARKET POSITION MARKET SHARE MARKET SHARES MARKET STRUCTURE MARKETING MONETARY UNION NATURAL RESOURCES NEW MARKETS NEW PRODUCTS OPEN ACCESS POLICY FRAMEWORKS POLITICAL ECONOMY POVERTY REDUCTION PRICE ADJUSTMENTS PRICE CHANGES PRICE COMPETITIVENESS PRICE FLUCTUATIONS PRICE INDEX PRICE INDICES PRICE VOLATILITY PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH REAL EFFECTIVE EXCHANGE RATE REAL EFFECTIVE EXCHANGE RATES REAL EXCHANGE RATE REAL EXCHANGE RATES REAL INCOME RECESSION REGRESSION ANALYSIS RELATIVE INFLATION RELATIVE PRICES RELATIVE WEIGHT RESULT RESULTS SLOW GROWTH STATISTICAL ANALYSIS STRUCTURAL CHANGE STRUCTURAL REFORMS SUPPLY CONDITIONS SUPPLY SIDE SUPPLY-SIDE TIME PERIOD TOTAL EXPORT TOTAL EXPORTS TRADE BALANCES TRADE COMPETITIVENESS TRADE DATA TRADE DEFICIT TRADE GROWTH TRADE LIBERALIZATION TRADE PATTERNS TRADE PERFORMANCE TRADE STATISTICS TRADING PARTNERS UNCERTAINTY USER USERS USES VALUE CHAIN VALUE CHAINS VALUE INDICES VOLATILITY VOLUME OF TRADE WAGE RATES WAGES WEB WEIGHTS WORLD DEMAND WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD MARKET WORLD MARKET SHARE WORLD MARKET SHARES WORLD MARKETS WORLD TRADE Gaulier, Guillaume Santoni, Gianluca Taglioni, Daria Zignago, Soledad In the Wake of the Global Crisis : Evidence from a New Quarterly Database of Export Competitiveness |
| relation |
Policy Research Working Paper;No. 6733 |
| description |
Over the past two decades, international
trade has become a privileged engine of growth for much of
the developing world. With the global economy evolving
continuously and rapidly, countries must pay close attention
to their positioning on the map of global trade and
production. Within this framework, countries must also
become aware of how they fare relative to competitors and to
their past export performance. Of particular importance is
the extent to which their performance is driven by exporter
own supply-side capacity as opposed to external or
compositional factors, including product and geographical
specialization and how these trends compare across
countries. This paper describes a new initiative that uses
quarterly data for 2005q1-2013q1 to compute comparable
indicators of export performance for 228 countries and
territories. The database, the Export Competitiveness
Database, reveals interesting patterns in trade performance.
Export performance, stripped of compositional effects, was
strongest for countries from the Asia and Pacific region, on
average. Moreover, such performance was almost entirely
driven by exporting country specific factors, with changes
reflecting growth in volume rather than price developments.
All emerging and developing regions have, on average,
improved export performance. The indicators in the database
trace the legacy of supply-side capacity and the overall
export performance of the double-dip recession in the euro
area. An illustrative set of results suggests that the
paper's measure of competitiveness correlates to a
country's nominal and real effective exchange rate,
factors that are commonly perceived as important
determinants of competitiveness. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Gaulier, Guillaume Santoni, Gianluca Taglioni, Daria Zignago, Soledad |
| author_facet |
Gaulier, Guillaume Santoni, Gianluca Taglioni, Daria Zignago, Soledad |
| author_sort |
Gaulier, Guillaume |
| title |
In the Wake of the Global Crisis : Evidence from a New Quarterly Database of Export Competitiveness |
| title_short |
In the Wake of the Global Crisis : Evidence from a New Quarterly Database of Export Competitiveness |
| title_full |
In the Wake of the Global Crisis : Evidence from a New Quarterly Database of Export Competitiveness |
| title_fullStr |
In the Wake of the Global Crisis : Evidence from a New Quarterly Database of Export Competitiveness |
| title_full_unstemmed |
In the Wake of the Global Crisis : Evidence from a New Quarterly Database of Export Competitiveness |
| title_sort |
in the wake of the global crisis : evidence from a new quarterly database of export competitiveness |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/12/18717274/wake-global-crisis-evidence-new-quarterly-database-export-competitiveness http://hdl.handle.net/10986/16815 |
| _version_ |
1764434936178147328 |
| spelling |
okr-10986-168152021-04-23T14:03:33Z In the Wake of the Global Crisis : Evidence from a New Quarterly Database of Export Competitiveness Gaulier, Guillaume Santoni, Gianluca Taglioni, Daria Zignago, Soledad ADVANCED COUNTRIES ADVANCED ECONOMIES AGGREGATION TECHNIQUES ANNUAL GROWTH AVERAGE PRICE BENCHMARK BILATERAL EXCHANGE RATES BILATERAL FLOWS BILATERAL TRADE BILATERAL TRADE DATA BUSINESS REGULATION CAPACITY BUILDING CAPITAL INTENSITY CENTRAL BANK COMMODITIES COMMODITY COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGE CORRELATION COEFFICIENTS COUNTRY DUMMIES CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT IMBALANCES DATA AVAILABILITY DEBT DEBT CRISIS DEPENDENT VARIABLES DEPRECIATION DEVALUATION DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT POLICY DIRECT INVESTMENT DOLLAR VALUES DOMESTIC DEMAND DOMESTIC ECONOMY DOMESTIC MARKET DURABLE GOODS ECONOMETRIC MODELS ECONOMIC CRISIS ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC VOLATILITY ELASTICITY EQUILIBRIUM EURO ZONE EXCHANGE RATES EXPLANATORY VARIABLE EXPORT COMPETITIVENESS EXPORT GROWTH EXPORT GROWTH RATE EXPORT GROWTH RATES EXPORT MARKET EXPORT MARKETS EXPORT PERFORMANCE EXPORT PERFORMANCES EXPORTER EXPORTERS FACTOR PRICES FINANCIAL CRISIS FINANCIAL INTEGRATION FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL STABILITY FIXED EFFECTS FUTURE RESEARCH GLOBAL COMPETITIVENESS GLOBAL ECONOMY GLOBALIZATION GROWTH RATE ID IMBALANCES IMPORT IMPORTS INCOME INCOME GROUPS INFLOW OF CAPITAL INNOVATION INPUT PRICES INTERNATIONAL COMPARISON INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL PRICES INTERNATIONAL TRADE ITC JOB CREATION MACROECONOMIC CONDITIONS MACROECONOMIC INDICATORS MANUFACTURING MARKET DEVELOPMENT MARKET POSITION MARKET SHARE MARKET SHARES MARKET STRUCTURE MARKETING MONETARY UNION NATURAL RESOURCES NEW MARKETS NEW PRODUCTS OPEN ACCESS POLICY FRAMEWORKS POLITICAL ECONOMY POVERTY REDUCTION PRICE ADJUSTMENTS PRICE CHANGES PRICE COMPETITIVENESS PRICE FLUCTUATIONS PRICE INDEX PRICE INDICES PRICE VOLATILITY PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH REAL EFFECTIVE EXCHANGE RATE REAL EFFECTIVE EXCHANGE RATES REAL EXCHANGE RATE REAL EXCHANGE RATES REAL INCOME RECESSION REGRESSION ANALYSIS RELATIVE INFLATION RELATIVE PRICES RELATIVE WEIGHT RESULT RESULTS SLOW GROWTH STATISTICAL ANALYSIS STRUCTURAL CHANGE STRUCTURAL REFORMS SUPPLY CONDITIONS SUPPLY SIDE SUPPLY-SIDE TIME PERIOD TOTAL EXPORT TOTAL EXPORTS TRADE BALANCES TRADE COMPETITIVENESS TRADE DATA TRADE DEFICIT TRADE GROWTH TRADE LIBERALIZATION TRADE PATTERNS TRADE PERFORMANCE TRADE STATISTICS TRADING PARTNERS UNCERTAINTY USER USERS USES VALUE CHAIN VALUE CHAINS VALUE INDICES VOLATILITY VOLUME OF TRADE WAGE RATES WAGES WEB WEIGHTS WORLD DEMAND WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD MARKET WORLD MARKET SHARE WORLD MARKET SHARES WORLD MARKETS WORLD TRADE Over the past two decades, international trade has become a privileged engine of growth for much of the developing world. With the global economy evolving continuously and rapidly, countries must pay close attention to their positioning on the map of global trade and production. Within this framework, countries must also become aware of how they fare relative to competitors and to their past export performance. Of particular importance is the extent to which their performance is driven by exporter own supply-side capacity as opposed to external or compositional factors, including product and geographical specialization and how these trends compare across countries. This paper describes a new initiative that uses quarterly data for 2005q1-2013q1 to compute comparable indicators of export performance for 228 countries and territories. The database, the Export Competitiveness Database, reveals interesting patterns in trade performance. Export performance, stripped of compositional effects, was strongest for countries from the Asia and Pacific region, on average. Moreover, such performance was almost entirely driven by exporting country specific factors, with changes reflecting growth in volume rather than price developments. All emerging and developing regions have, on average, improved export performance. The indicators in the database trace the legacy of supply-side capacity and the overall export performance of the double-dip recession in the euro area. An illustrative set of results suggests that the paper's measure of competitiveness correlates to a country's nominal and real effective exchange rate, factors that are commonly perceived as important determinants of competitiveness. 2014-02-03T20:21:51Z 2014-02-03T20:21:51Z 2013-12 http://documents.worldbank.org/curated/en/2013/12/18717274/wake-global-crisis-evidence-new-quarterly-database-export-competitiveness http://hdl.handle.net/10986/16815 English en_US Policy Research Working Paper;No. 6733 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |