期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2014
出版社：European Central Bank
摘要：The paper proposes a theoretical framework for explaining gains and losses in export marketshares by considering both price and non-price determinants. Starting from a demand-sidemodel à la Armington (1969), we relax several restrictive assumptions to evaluate thecontribution of unobservable changes in taste and quality, taking into account differences inelasticities of substitution across product markets. Using highly disaggregated trade data fromUN Comtrade, our empirical analysis for the major world exporters (G7 and BRIC countries)reveals the dominant role of non-price factors in explaining the competitive gains of BRICcountries and concurrent decline in the G7’s share of world exports
关键词：export market share decomposition; non-price competitiveness; real effective exchange rate
