The evolution of world trade and the Italian â€˜anomaly': a new look
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.
|Date of creation:||Oct 2006|
|Date of revision:||Oct 2008|
|Publication status:||Forthcoming in Rivista di Politica Economica|
|Contact details of provider:|| Postal: |
Web page: http://www2.unimc.it/dief
More information through EDIRC
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.:
- Luca De Benedictis & Massimo Tamberi, 2004. "Overall Specialization Empirics: Techniques and Applications," Open Economies Review, Springer, vol. 15(4), pages 323-346, October.
- 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.
- Robert Feenstra & Andrew K. Rose & Pierpaolo Battigalli, 2003. "Putting Things In Order: Patterns Of Trade Dynamics And Growth," Working Papers 9714, University of California, Davis, Department of Economics.
- 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.
- 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.
- Luca De Benedictis, 2005. "Three Decades of Italian Comparative Advantages," The World Economy, Wiley Blackwell, vol. 28(11), pages 1679-1709, November.
- Andrea Brasili & Paolo Epifani & Rodolfo Helg, 2000.
"On the Dynamics of Trade Patterns,"
- Andrea Brasili & Paolo Epifani & Rodolfo Helg, 2000. "On the Dynamics of Trade Patterns," KITeS Working Papers 115, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Jul 2000.
- Andrea Brasili & Paolo Epifani & Rodolfo Helg, 1999. "On the dynamics of trade patterns," LIUC Papers in Economics 61, Cattaneo University (LIUC).
- 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.
When requesting a correction, please mention this item's handle: RePEc:mcr:wpdief:wpaper00039. 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: (Silvana Tartufoli)
If references are entirely missing, you can add them using this form.