Italy’s Comparative Advantage: A Long-Run Perspective
The growth of the Italian economy over the past 150 years since unification was accompanied by a dramatic increase in the country’s integration with European and global commodity markets: foreign trade in the long run grew on average faster than the overall economy. Behind the dynamics of aggregate trade, Italy’s comparative advantage changed fundamentally over the last 150 years. The composition of trade, in terms of both commodities imported and exported and in terms of trading partners, developed from a high concentration of a few trading partners and a handful of rather simple commodities into a wide diversification of trading partners and more sophisticated commodities. In this paper we exploit a new long-term database on Italian foreign trade at a high level of disaggregation to document and analyze these changes. We conclude with an assessment of Italy’s growth prospects from a historical perspective.
|Date of creation:||Jan 2012|
|Date of revision:|
|Contact details of provider:|| Postal: Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ.|
Phone: 44 - 20 - 7183 8801
Fax: 44 - 20 - 7183 8820
|Order Information:|| Email: |
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.:
- Rodríguez, Francisco & Rodrik, Dani, 1999.
"Trade Policy and Economic Growth: A Sceptic's Guide to the Cross-National Evidence,"
CEPR Discussion Papers
2143, C.E.P.R. Discussion Papers.
- Francisco Rodriguez & Dani Rodrik, 2001. "Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence," NBER Chapters, in: NBER Macroeconomics Annual 2000, Volume 15, pages 261-338 National Bureau of Economic Research, Inc.
- Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: a Skeptic's Guide to the Cross-National Evidence," Working Papers 9912, Economic Research Forum, revised Apr 1999.
- James E. Anderson & Eric van Wincoop, 2004.
Boston College Working Papers in Economics
593, Boston College Department of Economics.
- Michele Di Maio & Federico Tamagni, 2006.
"The evolution of world trade and the Italian â€˜anomaly': a new look,"
39-2006, Macerata University, Department of Finance and Economic Sciences, revised Oct 2008.
- Michele Di Maio & Federico Tamagni, 2008. "The Evolution of World Export Sophistication and the Italian Trade Anomaly," Rivista di Politica Economica, SIPI Spa, vol. 98(1), pages 135-174, January-F.
- Michele Di Maio & Federico Tamagni, 2007. "The Evolution of the World Trade and the Italian ‘Anomaly’: A New Look," Development Working Papers 227, Centro Studi Luca d'Agliano, University of Milano.
- Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: A Skeptic's Guide to Cross-National Evidence," NBER Working Papers 7081, National Bureau of Economic Research, Inc.
- Irwin, Douglas A. & Tervio, Marko, 2002.
"Does trade raise income?: Evidence from the twentieth century,"
Journal of International Economics,
Elsevier, vol. 58(1), pages 1-18, October.
- Douglas A. Irwin & Marko Tervio, 2000. "Does Trade Raise Income? Evidence from the Twentieth Century," NBER Working Papers 7745, National Bureau of Economic Research, Inc.
- Krueger, Anne O, 1998. "Why Trade Liberalisation Is Good for Growth," Economic Journal, Royal Economic Society, vol. 108(450), pages 1513-22, September.
- Zaghini, Andrea, 2003. "Trade advantages and specialisation dynamics in acceding countries," Working Paper Series 0249, European Central Bank.
- Keld Laursen, 1998. "Revealed Comparative Advantage and the Alternatives as Measures of International Specialisation," DRUID Working Papers 98-30, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
- Tena Junguito, Antonio, 2007. "New series of the Spanish foreign sector, 1850-2000," IFCS - Working Papers in Economic History.WH wp07-14, Universidad Carlos III de Madrid. Instituto Figuerola.
- Michael Peneder, 2003. "Industry Classifications: Aim, Scope and Techniques," Journal of Industry, Competition and Trade, Springer, vol. 3(1), pages 109-129, March.
- James Feyrer, 2011.
"Distance, Trade, and Income -- The 1967 to 1975 Closing of the Suez Canal as a Natural Experiment,"
2011 Meeting Papers
1438, Society for Economic Dynamics.
- James Feyrer, 2009. "Distance, Trade, and Income - The 1967 to 1975 Closing of the Suez Canal as a Natural Experiment," NBER Working Papers 15557, National Bureau of Economic Research, Inc.
- Robert C. Feenstra & Robert E. Lipsey & Haiyan Deng & Alyson C. Ma & Hengyong Mo, 2005. "World Trade Flows: 1962-2000," NBER Working Papers 11040, National Bureau of Economic Research, Inc.
- James Harrigan & Haiyan Deng, 2010.
"China's Local Comparative Advantage,"
in: China's Growing Role in World Trade, pages 109-133
National Bureau of Economic Research, Inc.
- repec:umd:umdeco:rodriguez9901 is not listed on IDEAS
- Pavitt, Keith, 1984. "Sectoral patterns of technical change: Towards a taxonomy and a theory," Research Policy, Elsevier, vol. 13(6), pages 343-373, December.
When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:8758. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.