The Determinants of Export Market Shares of European Countries in the Period 2010-2017

ABSTRACT: We investigate the determinants of Export Market Shares of 20 European countries in the period 2010-2017. We perform Panel Data with Fixed Effects, Random Effects, Dynamic Panel at 1 Stage, Pooled OLS, WLS. We found that the “Export Market Share” is positively associated to “General government gross fixed capital formation % of GDP”, “Social benefits paid by general government % of Gdp”, “General government deficit/surplus % of GDP and million EUR”, “Current taxes on income, wealth, etc. % of GDP”, “Employment Rate by Sex, age group 20-64”,“GDP Per Capita”. The degree of “Export Market Share” is negatively associated to “Private sector debt, consolidated % of Gdp”, “Comparative price levels of final consumption by private households including indirect taxes”, “Total general government revenue % ofGdp”.
KEYWORDS: International trade, Export Market Share, Exports, European Union, Economic Growth