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The Clothing Export Performance and Prospects for Advanced and Emerging Economies: Evidence from a Panel Data Analysis

Author

Listed:
  • Donatella Baiardi

    (Department of Economics and Management, University of Pavia)

  • Carluccio Bianchi

    (Department of Economics and Management, University of Pavia)

  • Eleonora Lorenzini

    (Department of Economics and Management, University of Pavia)

Abstract

This paper studies the clothing export performance of twelve top exporting countries (China, Honk Kong, France, Germany, India, Indonesia, Italy, Netherlands, Spain, Turkey, UK and USA) in the period between 1992 and 2011. Price and income elasticities are estimated for each country, after controlling for nonstationarity, cointegration and Granger causality. Price elasticities estimates are used, together with market shares and unit values dynamics, to assess the export performance and prospects of the various countries. A multifarious picture emerges from the analysis, whereby China plays the role of uncontested leader, but not all the advanced European countries, which are supposed to be more severely hit by the competition of the low-labour costs countries, definitely lose competitiveness, since different outcomes are possible according to the specific price and quality strategies adopted.

Suggested Citation

  • Donatella Baiardi & Carluccio Bianchi & Eleonora Lorenzini, 2013. "The Clothing Export Performance and Prospects for Advanced and Emerging Economies: Evidence from a Panel Data Analysis," DEM Working Papers Series 038, University of Pavia, Department of Economics and Management.
    • Handle: RePEc:pav:demwpp:038
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    File URL: http://dem-web.unipv.it/web/docs/dipeco/quad/ps/RePEc/pav/demwpp/DEMWP0038.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Clothing; Price elasticity; Income elasticity; Export Performance; Product Quality; Panel Granger causality;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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