Exports and Italy’s economic development: a long-run perspective (1863-2004)
AbstractThis paper investigates the relationship between real export and real GDP in Italy from 1863 to 2004 by using cointegration analysis and causality tests. The outcome suggests that these variables comove in the long run but the direction of causality depends on the level of economic development: in the period prior to WW1 the growth of the Italian economy led that of exports, while in the post-WW2 period the causal relationship was reversed with the expansion of exports that determined the growth of the Italian economy
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Bibliographic InfoPaper provided by University of Modena and Reggio E., Dept. of Economics in its series Center for Economic Research (RECent) with number 061.
Length: pages 25
Date of creation: May 2011
Date of revision:
Export led growth hypothesis; unit root tests; cointegration analysis; Granger – causality;
Other versions of this item:
- Barbara Pistoresi & Alberto Rinaldi, 2011. "Exports and Italy’s economic development: a long-run perspective (1863-2004)," Department of Economics 0655, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
- N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-06-18 (All new papers)
- NEP-FDG-2011-06-18 (Financial Development & Growth)
- NEP-HIS-2011-06-18 (Business, Economic & Financial History)
- NEP-INT-2011-06-18 (International Trade)
- NEP-OPM-2011-06-18 (Open Economy Macroeconomic)
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.:
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Journal of Economic Development,
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- Marina Murat & Barbara Pistoresi & Alberto Rinaldi, 2011. "Transnational social capital and FDI.Evidence from Italian associations worldwide," Department of Economics 0654, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
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