Download or read book Euro Area Export Performance and Competitiveness written by Mr.Jarkko Turunen and published by International Monetary Fund. This book was released on 2011-06-01 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Concerns about export growth within the euro area peripheral countries due to a lack of competitiveness within the euro area are a key policy issue. Our analysis suggests that: (i) Long-term price elasticities for intra-euro area exports are at least double those for extra-euro area exports, so traditional real effective exchange rate indexes may overstate the effectiveness of euro depreciation in restoring exports growth in the euro area periphery and; (ii) There are surprisingly wide divergences across alternative relative price measures and even when relative price data suggest a steady loss in intra- (and extra-) euro area competitiveness, the pace of deterioration depends on the measure of relative prices used.