# **TABLE OF CONTENTS**

|1.<br>Introduction .............................................................................................................................. 3|
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|2.<br>Data and Methodology ............................................................................................................. 4|
|2.1.<br>Methodology and relation to other methods ...................................................................... 5|
|2.2.<br>The Export Competitiveness Database ............................................................................ 10|
|3. Patterns of Trade Performance ............................................................................................... 14|
|3.1. Main world regions ............................................................................................................. 14|
|3.2.<br>Individual countries ......................................................................................................... 18|
|Advanced countries ................................................................................................................ 20|
|BRICS .................................................................................................................................... 22|
|MIST ...................................................................................................................................... 26|
|4.<br>Further policy applications for the database .......................................................................... 28|
|4.1.<br>World factor determinants, volatility and cycle .............................................................. 28|
|4.2.<br>Euro zone crisis and competitiveness .............................................................................. 30|
|4.3.<br>Correlations with the real effective exchange rate .......................................................... 33|
|5.<br>Conclusion .............................................................................................................................. 34|
|References ...................................................................................................................................... 35|
|Annexes .......................................................................................................................................... 38|
|Annex 1: Theoretical underpinnings .......................................................................................... 38|
|Annex 2: Export Competitiveness Database, variable list ......................................................... 40|

# **TABLE OF FIGURES**

|Figure 1. Export performance decomposition (“push effect”) across world regions: values .......... 17|
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|Figure 2. Export performance decomposition (“push effect”), values and volumes: G-3 ............... 20|
|Figure 3. Export performance decomposition (“push effect”), values and volumes: BRICS .......... 23|
|Figure 4. Export performance decomposition (“push effect”), values and volumes: MIST ............ 27|
|Figure 5: Export market shares growth decomposition in the euro area (2006q1–2013q1) ............ 32|
|Figure 6: Export growth contribution from export “push” factors pre and post global crisis.......... 32|

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