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The evolution of world trade and the Italian ‘anomaly': a new look

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  • Michele Di Maio

    (Università di Macerata)

  • Federico Tamagni

    (Scuola Superiore Sant’Anna)

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 analyse the well-known Italian trade 'anomaly' combining the information coming from the PRODY index (Hausmann et al. (2005)) with the RCA index. Our results show 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.

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Bibliographic Info

Paper provided by Macerata University, Department of Finance and Economic Sciences in its series Working Papers with number 39-2006.

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Date of creation: Oct 2006
Date of revision: Oct 2008
Publication status: Forthcoming in Rivista di Politica Economica
Handle: RePEc:mcr:wpdief:wpaper00039

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Keywords: PRODY index; RCA; Specialization pattern;

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References

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  1. Andrea Brasili & Paolo Epifani & Rodolfo Helg, 2000. "On the Dynamics of Trade Patterns," International Trade 0004006, EconWPA.
  2. Luca De Benedictis & Marco Gallegati & Massimo Tamberi, 2007. "Semiparametric analysis of the specialization-income relationship," Applied Economics Letters, Taylor & Francis Journals, vol. 15(4), pages 301-306.
  3. 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.
  4. Robert C. Feenstra & Andrew K. Rose, . "Putting Things In Order: Patterns Of Trade Dynamics And Growth," Department of Economics 97-14, California Davis - Department of Economics.
  5. Luca De Benedictis & Massimo Tamberi, 2004. "Overall Specialization Empirics: Techniques and Applications," Open Economies Review, Springer, vol. 15(4), pages 323-346, October.
  6. Luca De Benedictis, 2005. "Three Decades of Italian Comparative Advantages," The World Economy, Wiley Blackwell, vol. 28(11), pages 1679-1709, November.
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Cited by:
  1. João Amador & Sónia Cabral & José R. Maria, 2007. "International Trade Patterns over the Last Four Decades: How does Portugal Compare with other Cohesion Countries?," Working Papers w200714, Banco de Portugal, Economics and Research Department.
  2. Jules Leichter & Cristina Mocci & Stefania Pozzuoli, . "Measuring External Competitiveness:An Overview," Working Papers 2, Department of the Treasury, Ministry of the Economy and of Finance.
  3. 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, issue 33, pages 20-43, June.
  4. Carbone, Anna & Henke, Roberto & Pozzolo, Alberto Franco, 2014. "Italian agri-food exports in the international arena," Economics & Statistics Discussion Papers esdp14072, University of Molise, Dept. EGSeI.
  5. 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.
  6. Giorgia Giovannetti & Marco Sanfilippo, 2012. "China’s competition and the export price strategies of developed countries," FIW Working Paper series 102, FIW.
  7. Paolo Di Martino & Michelangelo Vasta, 2012. "Happy 150th Birthday Italy? Institutions and Economic Performance Since 1861," Department of Economics University of Siena 662, Department of Economics, University of Siena.
  8. 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 2009/19, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  9. 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.
  10. 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 0009, Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovação, revised Dec 2008.
  11. 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 572, Department of Economics, University of Siena.
  12. Giovanni Federico & Nikolaus Wolf, 2011. "Comparative Advantages in Italy: A Long-Run Perspective," Quaderni di storia economica (Economic History Working Papers) 09, Bank of Italy, Economic Research and International Relations Area.
  13. João Amador & Sónia Cabral & José Maria, 2010. "What can we learn from the distribution of trade patterns?," Portuguese Economic Journal, Springer, vol. 9(2), pages 77-95, August.

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