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The Italian anomaly in the evolution of international trade

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  • Michele Di Maio
  • Federico Tamagni

Abstract

This study offers a quantitative assessment of the international specialization of Italy in view of the evolving patterns of international trade over the period 1980-2000. The analysis is based upon the co-evolution of the PRODY index, recently proposed in Hausmann et al. (2005), together with the classical Balassa index of revealed comparative advantage. Our findings suggest that Italian specialization is persistent and increasing in sectors characterized by decreasing capacity to sustain economic growth.

Suggested Citation

  • Michele Di Maio & Federico Tamagni, 2008. "The Italian anomaly in the evolution of international trade," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 3, July.
    • Handle: RePEc:rar:journl:0082
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    References listed on IDEAS

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    2. Luca De Benedictis, 2005. "Three Decades of Italian Comparative Advantages," The World Economy, Wiley Blackwell, vol. 28(11), pages 1679-1709, November.
    3. Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
    4. Luca De Benedictis & Massimo Tamberi, 2004. "Overall Specialization Empirics: Techniques and Applications," Open Economies Review, Springer, vol. 15(4), pages 323-346, October.
    5. Andrea Brasili & Paolo Epifani & Rodolfo Helg, 1999. "On the dynamics of trade patterns," LIUC Papers in Economics 61, Cattaneo University (LIUC).
    6. Paolo Epifani, 1999. "Sulle determinanti del modello di specializzazione internazionale dell'Italia," Politica economica, Società editrice il Mulino, issue 2, pages 195-224.
    7. Giovanni Dosi & Keith Pavitt & Luc Soete, 1990. "The Economics of Technical Change and International Trade," LEM Book Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number dosietal-1990.
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    Keywords

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    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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