Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/274246 
Year of Publication: 
2022
Series/Report no.: 
FMM Working Paper No. 80
Publisher: 
Hans-Böckler-Stiftung, Macroeconomic Policy Institute (IMK), Forum for Macroeconomics and Macroeconomic Policies (FMM), Düsseldorf
Abstract: 
The paper enters the current debate at the intersection of comparative political economy and international trade on the role of price and non-price competitiveness in influencing export. Through an econometric exploration, we identify price competitiveness as a non-negligible factor in driving export, for a set of OECD countries from 1994 to 2019. The documented price sensitiveness, combined with the institutions and policies adopted to promote export-led growth, casts an unsettling light on the prospects for a recovery, particularly for the Euro area. These worrying conclusions are not, however, unescapable. The emergence of the export-led growth model - with its twin brother, the debt-led one - answered the demand-generating problems created by years of wage share decreases and a steady retreat of the State from its traditional demand management role. Drastically inverting these tendencies would contribute to strongly narrowing the need for export-led strategies.
Subjects: 
comparative political economy
export
export-led growth
price competitiveness
non-price competitiveness
economic crises
JEL: 
E02
P16
O57
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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