Arbeitspapier
Non-price competitiveness of exports from emerging countries
This analysis of global competitiveness of emerging market economies accounts for non-price aspects of competitiveness. Building on the methodology pioneered by Feenstra (1994) and Broda and Weinstein (2006), we construct an export price index that adjusts for changes in the set of competitors (variety) and changes in non-price factors (quality in a broad sense) for nine emerging economies (Argentina, Brazil, Chile, China, India, Indonesia, Mexico, Russia and Turkey). The highly disaggregated dataset covers the period 1999?2010 and is based on the standardized 6-digit Harmonized System (HS). Unlike studies that use a CPI-based real effective exchange rate, our method highlights notable differences in non-price competitiveness across markets. China shows a huge gain in international competitiveness due to non-price factors, suggesting that China critics may be overstressing the role of renminbi undervaluation in explaining China's competitive position. Oil exports account for strong improvement in Russia's non-price competitiveness, as well as the modest losses of competitiveness for Argentina and Indonesia. Brazil, Chile, India and Turkey show discernible improvements in their competitive position when accounting for non-price factors. Mexico's competitiveness deteriorates regardless of the index chosen.
- ISBN
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978-952-462-750-4
- Language
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Englisch
- Bibliographic citation
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Series: BOFIT Discussion Papers ; No. 19/2012
- Classification
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Wirtschaft
Index Numbers and Aggregation; Leading indicators
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Empirical Studies of Trade
Information and Product Quality; Standardization and Compatibility
- Subject
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non-price competitiveness
quality
relative export price
emerging countries
- Event
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Geistige Schöpfung
- (who)
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Benkovskis, Konstantins
Wörz, Julia
- Event
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Veröffentlichung
- (who)
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Bank of Finland, Institute for Economies in Transition (BOFIT)
- (where)
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Helsinki
- (when)
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2012
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Benkovskis, Konstantins
- Wörz, Julia
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Time of origin
- 2012
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Do multinational retailers affect the export competitiveness of host countries?
Do multinational retailers affect the export competitiveness of host countries?
Income inequality and export prices across countries
Income Inequality and Export Prices Across Countries
Non-Price Competitiveness of Exports from Emerging Countries
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Export competitiveness - Fuel Price nexus in Developing Countries: Real or False Concern?
Romanian Export Competitiveness on the European Market
Export Competitiveness of Developing Countries and U.S. Trade Policy
Export Market Performance of OECD countries: an empirical examination of the role of cost competitiveness
Export performance, price competitiveness and technology: Revisiting the Kaldor paradox
Trends in OECD countries' international competitiveness : the influence of emerging market economies
Do multinational retailers affect the export competitiveness of host countries?
Do multinational retailers affect the export competitiveness of host countries?
Income inequality and export prices across countries