Advanced Search
MyIDEAS: Login

The Italian technology balance of payments

Contents:

Author Info

  • Enrico Tosti

    ()
    (Bank of Italy)

Registered author(s):

    Abstract

    The technology balance of payments concerns external transactions in disembodied technology. Since the introduction in Italy of a new data collection system based mainly on direct reporting by enterprises, credits and debits tend to be appreciably greater than they had been under the old system based on bank settlements; the overall deficit increases, especially in sales or other transfers of patents, royalties and other licences. The new data and the revision of the time series from 1992 are presented for the first time in this paper. ItalyÂ’s trade in disembodied technology remains relatively low as a percentage of GDP by comparison with most of the advanced economies. Its deficit is concentrated with the advanced economies, while it has surpluses vis-Ã -vis non-EU countries in general and some developing countries in particular. More than half of exports can be ascribed to manufacturing enterprises, whose position is in balance; the deficit, instead, derives from the service sector, with the exception of professional services (notably architecture and engineering). Finally, trade in disembodied technology is concentrated in a limited number of multinational enterprises.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.bancaditalia.it/pubblicazioni/econo/quest_ecofin_2/qef207/QEF_207.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Bank of Italy, Economic Research and International Relations Area in its series Questioni di Economia e Finanza (Occasional Papers) with number 207.

    as in new window
    Length:
    Date of creation: Oct 2013
    Date of revision:
    Handle: RePEc:bdi:opques:qef_207_13

    Contact details of provider:
    Postal: Via Nazionale, 91 - 00184 Roma
    Web page: http://www.bancaditalia.it
    More information through EDIRC

    Related research

    Keywords: technology balance of payments; disembodied technology; royalties and licenses; research and development;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:bdi:opques:qef_207_13. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.