Advanced Search
MyIDEAS: Login to save this paper or follow this series

The Evolution of the World Trade and the Italian ‘Anomaly’: A New Look

Contents:

Author Info

  • Michele Di Maio

    (University of Macerata)

  • Federico Tamagni

    (Sant’Anna School of Advanced Studies)

Abstract

This work provides an empirical assessment of the ’sophistication’ of the Italian international specialization pattern and of its evolution during the period 1980−2000. In particular we discuss the Italian ’anomaly’, i.e. the evidence that Italy displays a specialization pattern more similar to the one of emerging economies than to the one of countries of comparable level of per-capita income. We show that combining the information coming from a new index measuring the income/productivity content of traded goods, i.e. the PRODY index recently proposed in Hausmann et al. (2005), with the index of Revealed Comparative Advantages (RCA) can shed light on the Italian anomaly. We begin providing a detailed picture of the theoretical and empirical characteristics of the PRODY index. In particular we calculate the index for 1980, 1990 and 2000 mapping its dynamics through that period. Then we describe the characteristic and evolution of the Italian RCA using both parametric and non parametric techniques finding that the Italian pattern of specialization is particularly persistent. Finally, we describe the co-evolution of the PRODY and of the RCA indexes. Our analysis shows that in the last two decades, the world trade has been rapidly changing with Italy becoming increasingly more competitive and specialized in products that are characterized by decreasing income/productivity levels. Thus, while the Italian ’anomaly’ was not a problem in the past, it may have become an obstacle to future growth.

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.dagliano.unimi.it/media/WP2007_227.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Centro Studi Luca d\'Agliano, University of Milano in its series Development Working Papers with number 227.

as in new window
Length: 26
Date of creation: 26 Feb 2007
Date of revision:
Handle: RePEc:csl:devewp:227

Contact details of provider:
Postal: Via Conservatorio 7 - 20122 Milano
Phone: +39 02 503 16486
Fax: +39 02 503 16475
Web page: http://www.dagliano.unimi.it/
More information through EDIRC

Related research

Keywords: Specialization pattern; RCA; PRODY index; Italian ’anomaly’;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Luca De Benedictis & Marco Gallegati & Massimo Tamberi, 2007. "Semiparametric analysis of the specialization-income relationship," Applied Economics Letters, Taylor & Francis Journals, Taylor & Francis Journals, vol. 15(4), pages 301-306.
  2. Luca De Benedictis & Massimo Tamberi, 2004. "Overall Specialization Empirics: Techniques and Applications," Open Economies Review, Springer, Springer, vol. 15(4), pages 323-346, October.
  3. Robert C. Feenstra & Andrew K. Rose, 1997. "Putting Things in Order: Patterns of Trade Dynamics and Growth," NBER Working Papers 5975, National Bureau of Economic Research, Inc.
  4. Andrea Brasili & Paolo Epifani & Rodolfo Helg, 2000. "On the Dynamics of Trade Patterns," KITeS Working Papers, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy 115, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Jul 2000.
  5. Dalum, Bent & Laursen, Keld & Verspagen, Bart, 1999. "Does Specialization Matter for Growth?," Industrial and Corporate Change, Oxford University Press, vol. 8(2), pages 267-88, June.
  6. Luca De Benedictis, 2005. "Three Decades of Italian Comparative Advantages," The World Economy, Wiley Blackwell, vol. 28(11), pages 1679-1709, November.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Carbone, A. & Henke, R. & Pozzolo, A. F., 2013. "Italian agri-food exports in the international arena," 2013 Second Congress, June 6-7, 2013, Parma, Italy, Italian Association of Agricultural and Applied Economics (AIEAA) 149888, Italian Association of Agricultural and Applied Economics (AIEAA).
  2. Birolo, Adriano, 2009. "Dalla crisi allo sviluppo: quali strategie per le PMI?
    [From the crisis to the growth. Policies to sustain the SM firms]
    ," MPRA Paper 31082, University Library of Munich, Germany.
  3. João Amador & Sónia Cabral & José Maria, 2010. "What can we learn from the distribution of trade patterns?," Portuguese Economic Journal, Springer, Springer, vol. 9(2), pages 77-95, August.
  4. Francesco Serti & Chiara Tomasi & Antonello Zanfei, 2009. "The links between internationalization, skills and wages. The role of differences across firms and across partner countries," LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy 2009/19, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  5. Amador, João & Cabral, Sónia & Ramos Maria, José, 2007. "International Trade Patterns over the Last Four Decades: How does Portugal Compare with other Cohesion Countries?," MPRA Paper 5996, University Library of Munich, Germany.
  6. Miguel Lebre de Freitas & Ricardo Paes Mamede, 2011. "Structural transformation of Portuguese exports and the role of foreign-owned firms: A descriptive analysis for the period 1995-2005," Notas Económicas, Faculdade de Economia, Universidade de Coimbra, Faculdade de Economia, Universidade de Coimbra, issue 33, pages 20-43, June.
  7. Giovanni Federico & Nikolaus Wolf, 2011. "Comparative Advantages in Italy: A Long-Run Perspective," Quaderni di storia economica (Economic History Working Papers), Bank of Italy, Economic Research and International Relations Area 09, Bank of Italy, Economic Research and International Relations Area.
  8. Michelangelo Vasta, 2009. "Italian export capacity in the long run perspective (1861-2009): a tortuous path to keep the position," Department of Economics University of Siena, Department of Economics, University of Siena 572, Department of Economics, University of Siena.
  9. Jules Leichter & Cristina Mocci & Stefania Pozzuoli, . "Measuring External Competitiveness:An Overview," Working Papers, Department of the Treasury, Ministry of the Economy and of Finance 2, Department of the Treasury, Ministry of the Economy and of Finance.
  10. João Amador & Sónia Cabral & José R. Maria, 2007. "Export Specialization Over the Last Four Decades: How Does Portugal Compare With Other Cohesion Countries?," Economic Bulletin and Financial Stability Report Articles, Banco de Portugal, Economics and Research Department, Banco de Portugal, Economics and Research Department.
  11. Paolo Di Martino & Michelangelo Vasta, 2012. "Happy 150th Birthday Italy? Institutions and Economic Performance Since 1861," Department of Economics University of Siena, Department of Economics, University of Siena 662, Department of Economics, University of Siena.
  12. Miguel Lebre de Freitas & Ricardo Paes Mamede, 2008. "Structural Transformation and the role of Foreign Direct Investment in Portugal: a descriptive analysis for the period 1990-2005," GEE Papers, Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovação 0009, Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovação, revised Dec 2008.
  13. Giorgia Giovannetti & Marco Sanfilippo, 2013. "China's Competition and the Export Price Strategies of Developed Countries," Working Papers - Economics wp2013_02.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.

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:csl:devewp:227. 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: (Chiara Elli).

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.